It’s still pretending. You can change your accounting rules to pretend it does not cost you anything but reality will find an unpleasant way to manifest itself. Some way, some how. Once you start treating money like it is not real, it will eventually act that way.
No matter how much they don’t like it, real purchasing power of the market is going down hard and fast and borrowing money to try and pretend like it is not is counter productive and WILL at some point blow up in everybody’s faces. 1 years, 10 years it will happen and probably at a much higher cost than everybody thinks.
The cheaper way to accomplish the same thing is to just put a floor under pricing. Have every home get assessed and that is the floor price, it can’t sell for any less. Ridiculous, really? That is what they are trying to do anyway. Lets just do it at a cheaper cost to society and get it done with rather than allocating so much time and energy towards it.
