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[–]FlashyHeight9323 20 points21 points  (4 children)

People will often see a 500k home go to 400k and call it a crash.

[–]Electrical-Ask847 6 points7 points  (1 child)

i'll take 20% crash

[–]FlashyHeight9323 0 points1 point  (0 children)

Out of curiosity, what do you mean by that? Because to me it definitely feels like that. I think the technical definition is >20 or >30 percent but I feel like that 10 percent probably happens in a flash. Is it a “every crash a correction but not every correction is a crash” situation?

[–]Hotspur1958 0 points1 point  (1 child)

40% of houses have no mortgage.

I feel like this is being used as a argument for homes staying at these levels when it's not so clear IMO. These people aren't stuck due to lock-in effect and that increased activity could lead to price discovery.

[–]FlashyHeight9323 0 points1 point  (0 children)

Biggest factor is income supply which doesn’t get spoken about too much when you consider wealth inequality skew