> So all home owners are either those that had houses before the bust, those that had money before the housing bust and bought houses during the bust, or those

> So all home owners are either those that had houses before the bust, those that had money before the housing bust and bought houses during the bust, or those that became very wealthy from tech stocks and bought houses. "Nice place!" I said to many of my professors. "How'd you afford this part of town?" "Oh, housing crashes happen periodically" said the professors. "Find where you want to be, save money outside the markets, and just wait." So I rented too small a place for over 5 years, saved, and waited. Sure enough, Covid tanked prices and interest rates yet my down payment was fine because I had kept it outside of the markets. This approach is not hard. It just can take a decade.