Yes, because price drops are usually percentage based.
a 750K house will drop more in dollar numbers than a 550k house.
My only point was, almost all areas will be affected when housing bubbles burst.
They all will, I agree, but in the land of super bloated home prices like CA, I think they’ll be the most dramatically affected as opposed to other states where prices are much more reasonable. I could be wrong, but we’ll see.