You bring up some valid points. But I see one flaw in your reasoning.

Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.