Obviously the lower the interest rate the more houses will cost. This is because the monthly payment on a more expensive house is lower with lower interest rates. So people will be more inclined to take on more debt and become debt slaves to purchase a house.
And what about folks that rent, why on earth should they want higher housing prices? The average price for a house in San Francisco is over a million bucks. This is madness.
The same principle in education. In education, the government should just pay for schooling instead of forcing students into debt. And if it is too expensive to pay for everyone's schooling then we have tests to determine eligibility. Borrowing money with easy money only makes the price of education too expensive.
Also the wealthy own the assets so low interest rates make the wealthy wealthier in relation to everyone else.