So interesting enough the majority of the middle class have most of their net worth tied up in their primary residence. So if you are an average middle class person it is very bad since most rely on this as a retirement fund so to speak. If you are a non home owner and have liquid net worth it would be good. As a bitcoiner with (most likely) the majority of your net worth in something very liquid (bitcoin) then home prices collapsing would be very beneficial especially if you are waiting to buy.