Home prices did fall though after 2008. In some areas by as much as 30-40%. The real difference between this time and last time is that the Fed was trying to

Home prices did fall though after 2008. In some areas by as much as 30-40%. The real difference between this time and last time is that the Fed was trying to prevent deflation in 2008. That's why the cut to zero. This time, the fed is trying to prevent further inflation so they can't really cut without setting the economy on fire.