I’ve considered that if a large number of people have credit hits from walking away from a house in this era, this type of credit hit will lose its sting. Apartments need to have renters, and homes need to have buyers. In the 80’s, I worked with car dealerships in finance, and marveled at how people with repo’s and BK’s could get financed. They did indeed - not at very good interest rates, but they got financed.
Business is business, and if you service a population in need you’ll make money. If you listen to cranks and follow rules from 5-10years before you’ll be broke or miss the opportunity for growth.