There’s near limitless demand and deliberately limited supply. Any dips will come from lack of affordability on lending as interest rates rise, but you’re talking hyperinflation for an actual crash.
So the house prices might drop by 20%, but you’ll be able to borrow 20% less. So if you’re fucked before any price drops, you’re still fucked afterwards.
Why would it crash?
There’s near limitless demand and deliberately limited supply. Any dips will come from lack of affordability on lending as interest rates rise, but you’re talking hyperinflation for an actual crash.
So the house prices might drop by 20%, but you’ll be able to borrow 20% less. So if you’re fucked before any price drops, you’re still fucked afterwards.