Help buyers who are under water? The Antiplanner is okay with that; it isn’t the buyers’ fault that urban planners made housing prices volatile (unless, of course, the buyers supported those planning restrictions).
Arrest the decline in housing prices? Not so smart. The real problem is that, even after the crash, prices are still way too high in California, Florida, and several other states. Median housing prices should be twice median family incomes. If they are any higher, they should be allowed to fall.
