CAR
I am seeing different things than you. I seeing good homes sitting on the market trying to push the price about 5% beyond where they should be. If they would just come to market they would clear but for a variety of reasons they dont.

I also dont see more posers today than in the past. People have lived on credit cards for as long as I can remember. UCG’s story is typical of what I’ve seen people do the last 30+ years of my life. Another thing you never seem to take into consideration is the MASSIVE wealth transfer that is just beginning. The wealth of our parents generation is just beginning to get passed to the boomers. I know what I and each of my 3 siblings are getting and my parents were never big wage earners. Just frugal people who lived within their means and always saved for the future. This whole shabang has much legs then you think.