Lol

1 raise rates 2. Growth companies and tech begin to cut spending 3. Less spending affects associated businesses 4. Businesses start cutting jobs due to slowdowns 5. People lose jobs 6. People try to look for new jobs and sell off nonessential assets while savings deplete 7. People sell their homes

We’re at like step 2, americans still have money and jobs still are easily obtainable. Also after a few years, homes sold due to divorce, employment changes, family issues, deaths etc especially since single family homes are generally bought by couples and not individuals.