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As long as the MBs are not pressuring the appraisers to lie for them so as to enable them to cheat their trading partners that's all the HVCC was ever intended to mitigate. If the lenders want to trust them then that's on the lenders.
Trees don't grow to the sky. A large percentage of the boomers living in the high cost areas CAN'T retire in place. They have to relocate and downsize. They will sell.