Dz, if the economy is so bad that housing falls back to pre pandemic prices, I’m fairly confident you will unemployed and unable to qualify a loan to buy a house. And, if in the unlikely chance you have cash to buy a home outright, I am pretty certain you would be overcome by fear and buying a discounted house would be the last of your priorieties,versus others who are no longer fully dependent on a regular paycheck. That I’m pretty confident of.
That, and I’d be more concerned s out inflation in daily things such as food and rent which would be slowly eroding one’s wage income which clearly never keeps up with inflation.
