I was nervous initially thinking that I was sold snake oil.   

The other help we've had over the last decade was cheap oil and shale, which put a little life into our economy.But overall, if inflation worked the way you seem to think it does, we would have seen some explosive inflation these past few months. 

Also RE does not suddenly crash, it takes months and years for the trend to change; its slow like an oil tanker, the 2008 crash was very visible in the market data 2 years prior.I don't follow the stock market close enough to comment, but we are not going to see a RE crash any time soon, at least not in the midwest, if anything we may see things slow down at some point, which would be good - what I believe we will see (I am already seeing it in my biz) is a new wave of economic and climate related migration within the US, based on the fact that remote working is allowing people to move from fires, droughts and exuberant real estate prices to the states that are much more attractive - I am getting several calls a week now from people moving to Milwaukee, usually from the states out west, but also from down south.

Housing sales should be virtually nothing as oil tanked, and we rely on oil income to generate jobs and taxes. 

We had decent timing as we locked on the Monday when the 10 yr went to all time lows just as Covid + Oil scare was happening.

Wishing for a rock to crawl under and feeling like the steam roller had already run over said rock with me under it Learning on Friday March 16, 2008 why 47 out of 54 new construction Biscayne Bay waterfront condos didn't close on Tuesday March 13 as scheduled (Underwriter was Bear Stearns Oh goodie)Trying to access heloc float money on one vacation rentals (frozen).Trying to find rentors for two small MF properties (squatters)Trying to collect on mortgages for some large sales (Builders and developers all BKs but took some oil interests in lieu - that was OK).Trying to short sell 2.5 mil in property for $300K (that one I accomplished - oh goody :(I just call em "The dark days". 

Once upon a time I lost my shorts on an oil play because the new Saudi Prince decided to play hardball.

I worked 6 years as a drilling engineer. 4 years in Dubai for the national oil company and 2 years with a major E&P Oil and Gas company here in Houston.

You could work in the oil fields for a year or two and easily clear 100k.

He claims that they forgot to includes charges for a tank if fuel oil at the closing.