Personal costs shouldn't necessarily go down but also shouldn't inflate to require absurd salaries though. If you bought a home 10 years ago with a $250k salary, and are suddenly out of work along with everyone else, you have downward pressure on your asking price, but might have a better chance of tolerating it than someone who'll need a downpayment and to secure a long-term extremely high salary to service a brand new mortgage at a higher interest rate