“I agree that if your job is not secure and your salary is considered high relative to your position, then yes, housing price is the least of your worry.”

AN, my compensation is not high relative to my position, I’m fairly compensated given my relative position, but that compensation is high relative to the median HHI.

My point is not that overpaid people are in more jeopordy in a downturn (that is a given), but rather that companies will opt to downsize in general and it will get increasingly difficult to find high paying jobs period.