>People will be able to afford houses in cash without going into life time debt.
Well, sure, if the only people buying houses are the ones who can afford them without getting loans, you could technically describe it that way. But perhaps you could explain a bit further how hard currency / ban on fractional reserve would make housing affordable?
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.
Well, sure, if the only people buying houses are the ones who can afford them without getting loans, you could technically describe it that way. But perhaps you could explain a bit further how hard currency / ban on fractional reserve would make housing affordable?