> People who bought/refinanced in 2020-2021 will probably never sell. They may not be able to sell for 10-12 years if prices move down like they did in the las

> People who bought/refinanced in 2020-2021 will probably never sell. They may not be able to sell for 10-12 years if prices move down like they did in the last real estate down cycle. There is a reasonable risk that this process has already started.