[entropy12]

That is not what happened in the previous housing crash in 2010-11. Every state had significant price declines.

[dragnet2]

In CA a 65 year old cookie cutter home with 1500 sq ft in a average or below average neighborhood, will run you about $750,000...lol

Everyone knows CA home prices have been ridiculously inflated/bloated for decades. A better/newer home in Texas, AZ, or Oregon will run you about 550k. Which of these two will be the most affected in an big economic shakeup? I'd bet the least expensive will fare much better in this scenario.