Nope. Some of us are owners right now, some others are owners till a short while ago and some others in their own words “sold at the top and are waiting to get back in” … so no you’re not correct.
Frustrated renters would have bought at the peak of the mania with a stated income, suicide loan. I mean, that was the easiest time to buy (not the cheapest but the easiest). Most of us either bought well before that, or sold at that time … or in the rare case, are waiting to buy well after the carnage is done.
Cool.
Cow_tipping.