One reason housing is so expensive now compared to the 50s is that there are 10 working days per household now, and were 6 in the 50s.

With more money, the price of limited resources increases to fill the void.

If a 3 or 4 day week is mandated, there’s less for housing, it’s the same demand, the same supply, so prices have to come down.

one reason that prices did not increase to fill the void immediately is that systems have an information lag between events, thus I expect a few years of mismatch. Furthermore some resources are going to increase in cost no matter what because external pressures - climate change - are going to drive up the costs of those resources (primarily food) no matter what.