Well, keep on hoping. What I'm seeing is a slowdown in the rate of increase of property values. And, anyhow, are high property values a good thing?
A 1.2 birth rate per woman, and an ageing population that works fewer and fewer years in a lifetime, well, yes, that's pretty funny. This is a slow-motion avalanche, on its way down the mountain, probably unstoppable. Mind you, I don't find this prospect pleasing, whereas you seem to relish the prospect of misery in the USA.
What will be interesting is to see what happens to property values in countries with declining population and a disappearing industrial base. The obvious comparison is to the Great Plague, when entire towns were abandoned back to the wilderness.
But none of that matters. Stuff is too cheap here anyhow.
John