DesperateBuyer, call it what you want. I’m done tired of people debating about the label. Let the number speak for itself. All I know is I just saved myself about $100-$150k by not buying the house I would have a year or 2 ago. That’s in real dollar term, not inflation adjusted. So while you’re labeling renters as miserable, let me tell you, I’m not miserable everyday when I see my retirement grow and seeing the house i want to buy “REDUCED” again. I’m far from miserable, I’m ecstatic that I can rent for 50% discount and put away that 50% for rainy days and help get me to retirement goal when I’m 45.

So, bottom line is, it’s not different this time. It will crash like it did many times before. The only thing that’s different this time is how it’ll play out. Come back in 7 years and see if it’s anything similar to the 7 years between 89-96.