system
A chat on subreddit /r/wallstreetbets
human
I think it would be even worst than 08. People bought into the euphoria and literally emptied every piece of savings they have including borrowing against 401k. If housing bursts, it is going to be fucked.

gpt
LOL, no.  People have always done that. It's happening LESS now, not more.   With lending standards being stricter today (and much stricter for all mortgages issued 2009-2014), today's owners are the most fiscally sound there's been.