Millennials that bought in their 20s or early 30s are doing fine, gen Z in the other hand…

Wallstreet will never let another collapse happen. They have too much money tied up in SFR and will use any correction as a firesale to quickly scoop up as much real estate as they can, further limiting supply and stabilizing prices

Housing market collapses don’t happen in low confidence events. They happen due to overconfidence leading to excessive lending at high rates and then a sudden sharp decrease in capital availability with which to repay those loans.

At any given time you might have high rates and decrease in capital, or you might have excessive lending, but it’s difficult to get all of those factors at once. Especially given how sensitive investors are to such a collapse, as some of them would withdraw investments far ahead of any large events, which would lead to stability in the market as the eventual crash ends up being far less steep.

It will crash when the civil war begins

As long as artificial demand is being driven by speculators, housing will never get cheaper. Even assuming there is enough supply, which is also unlikely.

C’mon… give me my unicorn… I’ve selflessly granted the right-wing consent to make those more vulnerable than me suffer, by heroically sitting on my heroic ass on many election days, I am a pure and very special, delicate flower, I know what’s what and how’s how better than anyone before or after me! i’M sO sPeCiaL, gOdDaMniT, giVE mE wHaT i WaaaaNt!!!