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> It certainly was true during the dot com bust when people moved out in droves.

Buy during crisis when no one wants a particular asset, sell after the crisis when it becomes hot.

Rinse and repeat.

Well, if the crisis ever ends. Any crisis can in principle lead to a new Detroit, with 40 years of depressed asset values. Assuming that a crash is just a temporary decline requires a selective memory.

In the meantime, you own a home. You know, a place to reside and keep your stuff.

It's interesting that you seem to think this is a bad thing. If you can't buy a house when no one wants one, when do you consider it permissible to buy one?

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