Everyone has blood on their hands when it comes to the housing markets, mortgages, and prices.
The first thing to realize is that we do not have a free market argument to fall back on here. Government, banks, etc., have all so regulated, coerced, cronied, and winked at everything from fake interest rates, to fake money, to fake appraisals, to fake loans that housing being a free market is like saying North Korea is a free country.
What nonsense.