Property prices would have deflated back to affordability. People with lots of debt would have been crushed, people with little debt would have made a killing.

Property prices would have deflated back to affordability. People with lots of debt would have been crushed, people with little debt would have made a killing. We finally could have clawed back the economy from the banking class with widespread bankruptcies. Could you imagine if 30% or more people had a bankruptcy recently? It would totally wreck the credit bureaus too.