The only glint on the cloud is that wages have risen for most so anyone saying ‘prices will go back to 2000’ or whichever year you choose, should really, adjust their view to adjust for the fact that 2000 prices are now a lot more affordable than in 2000 (see Rich’s CPI adjusted chart).
The exceptions are low skilled jobs where wages have hardly move in the 21st century brought on by globalisation and immigration, so areas that had /have demand mainly from people with those kind of wages cannot have this silver ling.
Of course, in the rich areas, incomes and wealth have shot up since 2000 to to a surge in inequality brought on by the same globalisation , much reducing the extent of any price crash.
