People who bought at the top of that bubble had to wait about 10 years to get even. That’s possible to happen again in this market. I don’t think there will be as drastic of a crash sans and external event crashing all markets, but I think a period of stagnant appreciation is coming to the real estate market. Regionally things will certainly vary as always.
I got into real estate investing during that downturn and it was an amazing time to accumulate property. Low prices and low rates, huge cap rates on rentals. It was inevitable that the corporations would join the party.
I’m waiting to buy bc my rental market is flipped where I am. Much cheaper to rent then buy at the moment. I’d onky suggest buying into the market if it’s the house you want to be in for 10+ years or you live in an area that pricing didn’t increase 2-300% the last 5-8 years.