I for, one, think the supposed crash is exaggerated.
Looked at from a ten-year perspective, you're clearly right. Even if prices declined 10 percent this year, they'd still be up a huge amount since the late 1990s.
It is. However, I do think there is some validity in the idea that places like CA that are overpriced in the first place might have some isses. We'll be fine here in flyover country.