Probably depends on the market. My sister bought a McMansion in ‘02, before things got crazy, and it took years for it to regain enough value post- recession t

Probably depends on the market. My sister bought a McMansion in ‘02, before things got crazy, and it took years for it to regain enough value post- recession to be able to sell it at a profit. At the peak houses in the neighborhood were going for over half a million and they got theirs for ~200k. A lot of of the problem was the government didn’t let house prices fall and bought up tons of mortgages to keep them off the market for years for political reasons. Really depends on how the government decides to prop up the housing market this time, probably not as much since the whole bubble isn’t based upon it. Looking back two recessions you have tech stocks going to the moon and basically no bailouts for the people playing the stock market slot machine. IIRC only really Chrysler got bailed out and that was on shaky political ground. So you have a crash and the government’s response to speculators was “meh” or a crash where the majority of people were bound to lose a whole bunch of money out of their biggest asset and they turned on the money spout to save their jobs. You have to decide on your own which one the current environment more closely resembles to have an idea what the government’s response might be.