> I mean do you expect the 40% price hike during Covid to become permanent? I don't. The 08 crisis had a large impact because of inflated home values but it wa

> I mean do you expect the 40% price hike during Covid to become permanent? I don't. The 08 crisis had a large impact because of inflated home values but it wasn't triggered by inflated home values. What triggered the drop in home values is all of the foreclosures that flooded the market - which was triggered by people with inadequate income/asset verification, multiple homes, ARMs, etc. The Dodd-Frank Act largely fixed all of these issues and made it so that banks had to verify you could actually afford a loan before you can get one, leading to all of the security that exists for home sales in the current day.