Stock-market valuations, by one measure, have hit levels surpassed only a few times in the past, including the Great Depression and the dot-com bubble.
Depending on why it crashed, it might in some areas to some extent. It might also motivate a drop in rates which could cause prices to start spiking upwards. The biggest issue with house prices is supply has been constrained since the GFC, there hasn’t been enough housing built to meet demand. Until that changes I wouldn’t expect house prices to ever decline significantly or over a sustained period of time.
Would a crash lower house prices?
Sure, but you won’t be able to buy any. Hedge funds will hoover up all of the freed inventory faster than retail buyers can.
Then we nationalize the hedge funds and seize their property through eminent domain. Fuck their economy.
They own the politicians, bruh.
Not if we buy them first!
Oh, wait. Damn.
How do you plan on that happening?
Take power and use it.
No need to get into specifics at this point.
Depending on why it crashed, it might in some areas to some extent. It might also motivate a drop in rates which could cause prices to start spiking upwards. The biggest issue with house prices is supply has been constrained since the GFC, there hasn’t been enough housing built to meet demand. Until that changes I wouldn’t expect house prices to ever decline significantly or over a sustained period of time.