Property, land, buildings, homes, warehouses, manufacturing plants, farms and etc. are essential building blocks of the economy.
Discussion
Sure, but should every person get into debt to own one?
Temporary debt is manageable. I wouldn't wipe it out completely. By this I also am focusing more on covenant communities and a common culture therein where one could build a house.
Think Orania
It depends on what type of debt. I think the issue is circulation credit vs commodity credit, not in property of real estate.