[MX rider]

Originally Posted by Rainger99

You ask why home prices haven’t crashed?

How do you define crash?

A stock market crash is usually described as a double-digit percentage drop in a stock index over the course of a few days.

I think that many resale prices have dropped at least 10% from the initial listing but they were way overpriced to begin with. Is that a crash?

I have seen homes that were bought last year going on the market this year with a 50% increase in price. A lot of them are not moving. I think the 2021 bubble is over.

We bought last year. I probably could have sold for 25% profit earlier this year. Some neighbors sold for about 33% profit. I think I could still sell at a profit of maybe 10-15% but after commissions and moving costs, it would be a wash.

So is that a crash?

Unless the economy really tanks - think 1929 crash, I think my home will hold its value. Wish I could say the same about my 401(k).

Well said!