[rickydroll]

I lost my house to foreclosure in 2008. I track the price according to Zillow and if memory serves, it dropped from roughly 600K to 520K. If we do have a correction will probably be on that order of magnitude. If the correction is much greater, a lot of people will thrown into poverty and onto the street. I suspect however there would be enough political will to make the banks take a haircut instead of everyone else.

[keep_reading]

> If the correction is much greater, a lot of people will thrown into poverty and onto the street. I suspect however there would be enough political will to make the banks take a haircut instead of everyone else.

Both are gonna happen. Yes, a lot of people will be thrown onto the street. A lot of banks will go under.