>Lots of people were burned in 2014-now by assuming the housing market was going to "collapse any minute now" then watching the exact opposite happen. It's as i

>Lots of people were burned in 2014-now by assuming the housing market was going to "collapse any minute now" then watching the exact opposite happen. It's as if they thought 2008 was some kind of regular occurrence and not a black swan event. To be fair to those people, the extra low interest rates of 2014-2022 were the historical black swan event which everyone expected to last a couple of years at most and not a decade, but the banks left the money printer running for too long and now we're facing the inflation fallout. Rates were never in history so low as post 2008. Why would any sane person expect them to last so long?