The housing market isn't going to crash. We're at the highest mortgage rates in 23 years and it's STILL a sellers' market. The fact is, inventory being incredibly low + home buying being desirable for many == no reason for a crash. Even the Great Recession only resulted in a temporary price dip.

I know a lot of millennials and zoomers would LIKE for there to be a crash because they think it would let them afford a home. This is a false belief, though: if there were a major crash, it would likely be accompanied by a recession in the labor market too, so there goes your ability to pay for the house.

Also, it's not black and white. If house prices and interest rates cooled off, it would let me (a homeowner) refinance my mortgage.

Morever, there are benefits to home ownership outside of equity / profiting off a sale:

• Tax benefits (I can deduct my mortgage interest and property taxes; can't do that with a rental)
• Do what I want with my house -- customize, upgrade, etc.
• No landlord to tell me what I can or can't do, or kick me out
• For complicated reasons, there aren't many detached house rentals in my area, so owning a house means no loud, obnoxious apartment living -- this is the BIG one for me

https://finance.yahoo.com/news/housing-market-crash-experts-191734802.html---