I agree but it will permanently take away a lot of their talking points, especially vs the stock market. Gems like:
Housing prices always go up, there’s never been a nominal drop in housing prices nationally, houses can go up fast but they won’t decline fast, people always need a place to live, therefore the value never declines, you can’t lose in real estate.
If housing were to absolutely crash in way never seen before and return to 2003 prices in a single year, they lose all those cliches forever. Every commentator on every financial show will bring it up for years. What will be the new slogans.
“houses might go up or down,”” hurry there’s still time to lose money before housing bottoms out,” “mowing the lawn can be just as fun as cashing dividend checks” or my personal favorite “you can have sex in a house, try that with stocks”
