I just stumbled upon this debate. I can see some validity in both sides of this argument. On one hand, they do make everybody think "this is it, get it now or never get in again", which sounds like the same kind of pre-crash scam as last time, but on the other hand they are basically promising us "you will own nothing", which sounds like a permanent asset inflation scenario. I don't think there is a scenario where "you will own nothing" can coexist with a deflationary asset spiral that results in affordable prices, unless everybody also loses their jobs at the same time.

There could be a third direction that none of us are considering, which is usually the case with the dirt bags behind the curtains. If you think they're not gonna pull the rug, they pull the rug; if you think they're gonna pull the rug, they shoot you in the back of the head, etc.

I think that third direction in this case is stagflation. A.k.a. You'll own nothing and starve to death™.