Three things are certain in life: Death, taxes, and ever-rising home prices. The last is, of course, slightly less certain because there are moments in American history when prices have fallen, but it’s a rarity. So much so that you can pinpoint only two eras in recent time when home prices declined: a short-lived recession in the early 90s and the Great Financial Crisis in the aughts. To state the obvious, this is extraordinary for anyone who owns a home and dire for anyone who doesn’t; think of the dichotomy between baby boomers and their millennial children.
