Not all housing bears wish for stock market crashes, most of us reverse flippers moved R/E holdings into stocks or savings instruments. If inflation kills savings and rates go to nothing while stocks tank, we aren’t in that much better of a position (but still a little better). I know I am not rooting for a complete econimic meltdown or even a recession. I don’t think that just because one feels a certain asset class is overvalued that they think all classes are overvalued. I don’t believe that we need high unemployment, a stock market crash or any other calamity to get a housing correction. The housing bubble is partly to blame for the current conditions, more evidence of why our leaders should have attempted to avoid the bubble in the first place, rather than try and minimize the damage afterwards.
