Agree such a system would make it harder for people who cannot afford to save for a house to buy it.
I speculate that house prices has increased mainly due to credit expansion. If you limit credit expansion by using hard currency house prices would be more stable over time like hard assets.
-> I speculate that house prices has increased mainly due to credit expansion.
This is probably true, but not everywhere. There are still many places where the cost to build a replacement home (cost of labor and materials) is higher than the price of an existing house+land. Some societies try to solve this problem by forcing people to move.
I speculate that house prices has increased mainly due to credit expansion. If you limit credit expansion by using hard currency house prices would be more stable over time like hard assets.