I know this topic strayed from the original point of the topic, and this post refers to that so I apologize..
One thing I’m having a problem understanding is: CA markets and some other coastel markets are severely bloated, and yes, everyone is hoping for a downturn, but why would a 50% downturn cause a recession.
Other parts of the US are not in the same boat as us, while things are business as usual I can imagine the sh1t hitting the fan over here and other inflated markets, maybe causing a recession but since it’s only those troubled markets and not the whole nation. How could the prices declining here 50% cause so much strife?
