I mean banking leverage is lower, accounting on collateralized debt is better, consumer/speculator leverage is limited while lending requirements are still most

I mean banking leverage is lower, accounting on collateralized debt is better, consumer/speculator leverage is limited while lending requirements are still mostly higher… Those aspects are different than 2008. The global market is still exposed to other forms of over-leveraged contagion (aka incestuous ownership), but just saying “US housing prices are higher than an over exuberant peak 13 years ago so therefore its a problem without really considering other supporting or negating factors” is pretty uncritical.