3 ms·
>either the whole thing tips over and we see a significant price correction ala 2008 There's a ton of middle ground between your two scenarios. 2008 was the bi
by itsoktocry 4y ago
>either the whole thing tips over and we see a significant price correction ala 2008
There's a ton of middle ground between your two scenarios. 2008 was the biggest housing price crash in history.
I think we see a recession, modest asset price decline, and then stagnant home prices and stock market returns for 10 years.
- mistrial9 4y agocore upper-tier housing in California only slowed in price, even at the worst weeks of that era, while low-tier, obviously cheap housing and especially condos, tanked. It is well-documented in Zillow charts and others.
- voisin 4y ago> I think we see a recession, modest asset price decline, and then stagnant home prices and stock market returns for 10 years. This is the mythical soft landing that central bankers always seek and never achieve.