I think my bigger concern is that the housing market will become very illiquid.
People won’t be able to be sell their homes because they can’t stomach walking away with the debt. At the same time, due to the low interest rates, home owners will be stuck in homes they can make the payments on, but with lifestyles they can no longer afford to maintain.
I remember the early 90s, just as the market bottomed and how dilapidated many neighborhoods were.
