[ddorian43]

> any noticeable drop in prices will be immediately met by strong demand, even at current rates

As long as people are okay with buying insanely overpriced homes they will not fall.

But careful, you might be fired too. Or lending may be even higher later (forcing lower prices). Or rates will be high be many years. Or you'll go underwater and not be able to refinance. Or your taxes will also go up. Or maybe you need to move/divorce. Or maybe you die and your next-of-kin can't pay the house and be foreclosured. Or maybe you can dump the cash in bonds/stocks and make more money. You may have more kids and need to move to a bigger house and be forced to sell at a loss.

For that and more, /r/REBubble/