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> value of your house dropping by 50% in a year would not be very surprising?

That's crazy, does that happen often in the U.S.?



Not often. Actually there is an interesting distinction here between frequency and probability... but anyway there has recently been a ZIRP induced bubble (~2008-2016), which leads to high prices of various assets in a trickle down way: https://fred.stlouisfed.org/series/FEDFUNDS




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