[playa1]

The article says prices went up 50% during the pandemic and now have fallen 18%.

This sounds more like a mild correction not a crash.

I feel bad for people that overpaid at the peak though.

[everforward]

The decrease may be larger than you think. E.g. if a house was worth $100k, it went up to $150k, and then down to $123k. The net gains vs pre-covid are ~23% now, so people lost a little over half of the gains.

[phone[phone]]

Whereas people who are priced out of the housing market instead enriched their landlords to an obscene amount in that same time frame, so pardon me for not shedding a tear for a homeowner that didn't make top tier gains.

[cafard]

I think that Washington, DC, area residential real estate sank by about 20% in 1991. It took quite a while for it to come back.