The Housing Markets in Recession?

David Frum: From a household perspective and a wealth effect perspective, really, unless you bought a house and probably overpaid for it in 2020 or 2021, even if house prices fell 10% for most people that's still going to put them above board on what they owe on their home. "I think the wealth effect here is not as much of a concern to me in terms of housing," he says.