I can see that you have strong philosophical issues regarding...

I can see that you have strong philosophical issues regarding this, but in the real world there is a competitive market when it comes to buying major assets such as houses. The price isn't determined by banks, it is determined by ability to service the loan at given interest rate and loan term. I could choose not to buy into this personally, but that won't stop the rest of the market from being willing to borrow to buy the house I am interested in. Can you remind me of a time when it was possible to buy a house without borrowing funds, or perhaps we should all just live in caves lol?

Question still remains, how is Bitcoin going to eliminate the need for banks and solve the need to be able to borrow for financing?