Why Are Cheaper Houses Bad News?

[vetuste_ennemi]

Just quoting the latest Mark Carney "why Brexit is wrong" propaganda piece. Apparently house prices could fall by 30%. Aren't cheaper prices for basic commodities supposed to be good? And most especially for the poorest in our society?

If I were a twenty-five year old I'd be rather happy about cheaper houses. But I'm not a youngster; don't have much faith in fortune cookie Carney; and am selfishly concerned about the artificial wealth I as a retired home-owner enjoy because of the asset-inflation created by the Brown's and the Carney's policy of quantative easing.

What have I got wrong logically, economically, or morally in this line of reasoning?

[ichkeria]

Requested on behalf of the government indeed Danny. That doesn’t mean “not independent”
If I request a valuation from an estate event of my house and he tells me it’s worth millions/about to fall down the fact I’ve requested it doesn’t mean the estage agent isn’t independent. Indeed, the assessment has not been done “independently” of any request, but that isn’t the same thing.

[jno]

https://www.moneyadviceservice.org.uk/en/articles/negative-equity-what-it-means-and-what-you-can-do-about-it

[youngmafbog]

What is a estate event Ick?