real estate can also fall.... the problem is, it hasn't fallen for a very long time, but that doesn't mean it won't eventually fall..... and possibly fall dramatically.
Anything can crash, Silver, Property, Tulips - whatever. The big GFC causing crash in the US wasn't that long ago really....
https://en.wikipedia.org/wiki/United_States_housing_bubble
The United States housing bubble was a real estate bubble affecting over half of the U.S. states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012.[2] On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history.[3] The credit crisis resulting from the bursting of the housing bubble is—according to general consensus—an important cause of the 2007–2009 recession in the United States.[4][5]
Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets.[
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