The bubble was accelerated by people assuming prices would always rise, often their own greed and flipping or becoming landlords, and this was only possible due to the financial engineering that made lending to these folks posivle, but all of that droce the value of the underlying assets down significantly.

You claim there wasn’t a bubble…look at home price values in the sunbelt in 05 vs 2009.

TF are you talking about there wasn’t a bubble