Do you see the biggest crash in real estate ending up in the USA?

Commercial and multi family real estate has been under great pressure, but with falling rates (perhaps faster falling rates) there will be recovery of rental income. As far as the US indebtedness goes (Interest cost surpass the cost of the military) there are huge dangers ahead. Not only the US, but as far as residential real estate goes, US prices are downright cheap (average prices lower than even Calgary) compared to Canada/Australia and a dozen other countries. The average SF home under $450,000, condos under $250,000 etc. Compare that to Canada!