If there is a recession sometime in the next 1-3 year’s I believe that there will be a significant housing crash, I think the outer area’s (inland) it’s already happening in a big way. Now the question is ? will heli-Ben come to the rescue (screwing every holder of dollars) who knows ??? But, at the same time I think that the U.S. goverment knows there is no way it (we) can afford a serious recession so there will be continuous heroic efforts to avoid any serious economic slow down.
This should make for interesting times over the next few years.