> My future self is looking at my net worth wondering how long it takes to come back from the write down. The positive side of this is that real estate costs a

> My future self is looking at my net worth wondering how long it takes to come back from the write down. The positive side of this is that real estate costs are a component of all other costs. So if real estate prices come down, so should all other prices. If your net worth is nominally 35% lower but now everything costs 35% less, what have you lost? Not only that, artificial scarcity inhibits real growth. So the sooner you do the write down the sooner the real value of your net worth can reach the hypothetical value it has now.