ASPS should be good long but they are swimming upstream against a political system that increasingly refuses to respect property rights granted by the constitution.  All rights went out the window in the pandemic. It started to recover as rights began to return, but but the latest pullback started when they suddenly decided to guarantee larger, million dollar mortgages in expensive blue states with taxpayer funds (no legislation, they just did it).  ASPS is involved in a game where the rules aren't respected. I think it's fair to say the chips are stacked against them.