The values of homes went up during the pandemic because people were in their homes. The extra savings of not going out to eat, vacations, etc.. enabled people t

The values of homes went up during the pandemic because people were in their homes. The extra savings of not going out to eat, vacations, etc.. enabled people to reason that paying for more of a house to fit their work from home lifestyles worth it. When you add that plus the historically low interest rate it was a tour-de-force. You might be on to something that it might be more structural now than how I originally thought. People are locked in homes that might be another housing crises, and if we start having job loss we could see something ugly like 2007. Again, I remain hopeful that salaries are up and unemployment is low. On the positive side, the US is better off inflation-wise in the United States than in Europe.