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I can see the entire covid bubble blowing off just as fast as it blew up. Not a lot of people bought during covid but they will probably be screwed. For everyone else they just made less money than they would have liked to.

On a long enough timeline rent/interest rate = house price (simplified) so many prices have a long way to go

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On a long enough timeline the natural value of land tends towards infinity.

If a corporate entity can take out a 1,000 year loan it can make a profit buying a single home for one billion dollars.

This is why the economic models created to understand supply and demand for manufacturing pins in a factory eventually unravel when discussing land.

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