Roughly 1/3rd of America is over 55+ [1], the highest it's ever been (I believe), and the average baby boomer retirement savings are ~$200k [2]. Asset prices falling is an existential and imminent danger for these people. If prices stop rising, they will have to be supported directly by family or the state, or go out onto the street.
For every working-age HN commenter calling for blood to run through Wall Street to be able to buy a starter home, there are just as many people terrified of the future.
[1] https://www.populationpyramid.net/united-states-of-america/2...
[2] https://finance.yahoo.com/news/average-retirement-savings-ba....
[2 alt] https://www.fool.com/retirement/2021/08/24/heres-baby-boomer...