You're being overly optimistic because you work in real estate and people are blowing rainbows up your ass. If there's a crash, JPow lowering the rate would prevent the housing value correction from taking effect and nothing good would come of it.
There MUST be a crash. Look at all the people who are sitting in homes worth many times more than they bought it. Significantly higher value than a few years ago. Do you think these people are doing well as a result? No! They can barely afford their insurance!
People want the house values high and their insurance dirt cheap, but it's not possible. The housing values have to drop a good 80% for people to be able to afford their homes long term again and for the insurance companies to stop pulling out.
There MUST be a crash. Look at all the people who are sitting in homes worth many times more than they bought it. Significantly higher value than a few years ago. Do you think these people are doing well as a result? No! They can barely afford their insurance!
People want the house values high and their insurance dirt cheap, but it's not possible. The housing values have to drop a good 80% for people to be able to afford their homes long term again and for the insurance companies to stop pulling out.