Soon to be released
rain.
Hopefully, by Spring, 2024, housing prices will be 50 - 60% off their 2022 peaks, then housing will be approaching affordable prices for average Americans.
Also, this economic downturn is going to devastate the pricing structures of cars and trucks - perhaps by Fall, 2023, cars and trucks will return to more affordable prices - even if the manufacturers need to reduce the ever growing technology presence in vehicles.
Now, if only the recession would force the FED to the sidelines and allow common market forces to establish the "real" cost of capital, $$.