The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.
I remember getting up and singing with them at Mile One arena in St. John's. It was such an honour that they asked me, but all I could think of was, "But I'm such a fan!" Later I sang on one of their records, that was awesome.