Good question. What may happen - possibly relatively soon - is that banks will refuse to provide mortgages over a certain length of time for certain property. P

Good question. What may happen - possibly relatively soon - is that banks will refuse to provide mortgages over a certain length of time for certain property. Property which is not mortgageable will take a serious haircut in its value. Very quickly, those properties will become “stranded assets”. What will be the likely policy response? I suspect governments might step in with insurance and guarantees. Why? Because in the Anglo world, our economies and arguably culture (ref your dinner party conversation) are organized around increases in house prices, not their collapse. Governments are always pumping house prices ever higher to inject “feel good” into the economy. The parallel is a bitcoin whale, especially in the UK.