re: Mortgage rates fall below 7% for the first time in months

We've got posters on here that have been predicting/discussing a housing crash going on 5 years now. Posting all kinds of charts and graphs trying to correlate modern day with 1970 or 1980 or even 2007. Things have changed in the world since then and just because something was true or the case in 1970 doesn't mean it matters today. Things are different and with the extremely low supply and people sitting on 3% rates that isn't likely to change anytime soon. I can remember posts in 2018 before I joined and was lurking saying "You'd have to be an idiot to buy a home at these prices!!!!!" Well, anyone who bought in any decent metro area in 2018, 2019, 2020, even 2021 is sitting on a ton of equity right now. Who were/are the idiots now?