Okay I can see that, however wouldn’t you agree that the fundamental problem lies in the consumerism right? Upside down in the house, walk from the house, upside down in the car walk from car. Obviously carrying your strategy to a logical conclusion is that nobody should purchase an asset with borrowed funds correct? Obviously free market valuations will cross the “upside down enough” threshold that you spoke of.
Carrying the strategy further the extension of credit should be eliminated because perpetual appreciation of any asset is impossible right?
