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.
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.