Wrong. More of you talking out of your rear. With no concept how real estate works. Most people in real estate are self employed. We don’t lose jobs, we just lose income but not me! I had by far my best years during the recession. The people I saw losing jobs all over were in other industries.
I also worked in tech start ups back then. Built a great company and sold it to some dot comers that way overpaid for it. Made a killing on that and then worked in a tech incubator with some Fortune 100 C level executives. Was in a meeting with some silicon valley venture capitalists when the bubble burst and it was obvious things would never be the same. Was amazing to have a front row seat for that. Saw tons of people lose jobs and it had nothing to do with how good performers they were. The companies they worked for ceased to exist.
No one has suggested real estate can’t correct. What there is zero chance of is prices around here going pre pandemic. You sure make up lots of shit
