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To: Alberta's Child
"It’s hard to envision even a 25% drop in home prices when inflation is being reported at 8% but is likely even higher."

When people struggle to afford to eat they will choose to eat over paying a mortgage.

38 posted on 09/20/2022 5:34:01 AM PDT by WMarshal (Neocons and leftards are the same species of vicious rat.)
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To: WMarshal
And yet that still wouldn't translate to a 25% reduction in home prices.

The U.S. government will step in -- as it did in 2008-09 -- and do whatever is necessary to prop up the value of the homes with delinquent mortgages.

39 posted on 09/20/2022 5:46:38 AM PDT by Alberta's Child ("It's midnight in Manhattan. This is no time to get cute; it's a mad dog's promenade.")
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