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The government insures against home price decreases.

It has zero interest in homes going down in value (not only from a voting perspective, but also from a financial perspective).

The thing that's going to give (long term) is not going to be nominal home prices.

Real home prices declines are plausible.

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Anyone who's invested in real estate doesn't want home prices to go down, but it seems a necessity considering how affordability has been decreasing. I would think a buyer market can only sustain so much. If a recession is caused by tariffs, AI taking jobs, war, etc; the real estate market seems to be in a precarious enough position to be affected.

Well, inflation can always solve affordability if prices stagnate. This is what made the 90s a great time to buy, right? We're pretty far behind the ball though, I think it'd be like 20 years for us to get back to that level of affordability at current nominal interest rates.

> the real estate market seems to be in a precarious enough position to be affected.

In real terms, yes.

In nominal terms, no.

The dollar will get tanked, so that asset prices fall much less than they otherwise would.

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