The saddest part of this whole saga, is based on recent data I have seen, is that when you look at the 25th-75th percentiles of United States households (Net Worth), that 70% of said net worth is tied up into the equity of their homes.
I have gone on record that I believe that the Biden economy may cause real estate prices to fall 50%- 75% based on location and circumstance. Deduct 50-75% of that 70%? We are talking 3rd world poor.