""I think it's more likely that an economic slowdown will pop housing prices than the other way around.
But I could be wrong. :^)""
youre actually 100% correct....there has never been a housing price decrease in the USA without a recession preceeding it.
In So Cal in the early 1990s, prices peaked in 1990-91, but the recession began in 1990.
A recession will pop the bubble, the popping bubble will reinforce the recession.
Bubbles dont pop on their own, they need some outside variable to do it
Sounds right to me!
If I recall correctly, the stock market sold off heavily the day the feds sued microsoft and it was all downhill from there.