Housing bubbles do have “mom and pop’ scale winners. Maybe below what most piggs would think of as significant, but it happens. I know lots of month to monthers who either cashed out 2-400k in 5-10 years of homeownership in the urban areas or put that money into another property with reasonable financial terms. Lots of people sold and moved out of the state likely paying cash for a house. I hope that worked out.

There are lots of winner stories , how many compared to bag holders I don’t know , but there are many winners. Then a lot of people apparently are getting help with their liar loans, many of which were cash out refii’s. Not sure what value they are getting but they are still in their houses.

Some ” mom and pop” scale flippers do pretty well too.