One Rental At A Time Top 3 Housing Markets that CRASHED
Mar 4, 2026
They dig into the three housing markets that plunged hardest from their 2022 peaks and debate whether those drops truly qualify as crashes. They explore how early-2020 migration inflated prices and how gains since March 2020 complicate the story. Other topics include rising 401(k) hardship withdrawals, signs of deflation in some goods, private credit outflows, and retail and Fed-driven risks to markets.
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Early 2020s Influx Caused Price Spike And Correction
- Rapid early-2020s population inflows pushed prices to unreasonable highs, then corrected downward.
- The host attributes the big peak-and-correction pattern to that sudden demand surge in those markets.
401k Hardship Withdrawals Are Rising
- Hardship withdrawals from 401(k)s rose to 6% in 2025, up from 4.8% in 2024 and 2% in 2019.
- Framing shows a 25% year-over-year increase can sound scarier than the absolute rise from 4.8% to 6%.
Truflation Shows Goods Deflation Signs
- Truflation shows early signs of deflation in clothing and some food items, estimating real-time CPI at 0.93%.
- This suggests goods inflation is easing while services remain more persistent.