From someone who taught RE LAW and ECON in college for 10 years -— THIS IS CRAZY. There is a reason the dictionary has the word tenant. Some people should be tenants. This will create another artificial spike in prices, massive defaults, and another crash.
It is worse than that. The big banks that were forced to take bailouts and absorb the loser banks shot straight over to commodities for investment with the bailout money, investment that ha lost almost 50%. Couple that with housing bubble 2.0; forget it.
I saw an early release of the movie the long short. I thought I had an idea of what happened that led up to ‘08; I had no clue and now a days it is far, far worse than most people can comprehend.
I hate to say this, but watch this bubble as best you can and try to sell accordingly before the burst; keep yourself very liquid and pay off all the debt that you can with the proceeds of your home sale.
(note, not directing this post directly at you DFU)