[ashtonkem]

Yes. That’s clearly what happened. But lots of people, myself included, expected prices to go down. The early pandemic was marked by a market meltdown and a shutdown of the timber and housing industry as analysts expected a drastic slowdown in home buying and building. It was perfectly reasonable at the time to assume (or hope!) that house prices were going to fall, and let's not brow beat people over that.

[inawarminister]

Yeah, similar event happened to the car industry. Analysts and factories forecasted dramatic slowdown in sales, so are rental car companies. Yet after the reduction in investments happened, it turned out consumers in COVID prefer to buy additional cars, or rent to go to smaller towns. Cue pandemonium. (And the supply chain shortages of chips)

To be fair, if COVID happened anytime before broadband is available to homes, the analyses wouldn't miss. Novel pandemic, novel technologies, novel situations all around.