I think when you see real estate tumbling then you know youre in trouble for sure. Thats when people start talking about us being in a RECESSION. You already see a lot of people priced out of the housing market, when the bubble pops, so much money is lost and people panic. I read recently 10 million people in the US are behind on their mortgage or rent, scary yeah, but to say this wasnt foreseeable is a joke... Covid created a reason to protect these people in the form of forbearance, itll end eventually with people on the street.
Crypto/stocks and all else is invested in when people have excess I think. No business lasts forever.
A recession may be scary but if you have cash or access to it, theres a lot of buying opportunities. Bring it on!