@Jeremy Roberts if there is a housing crash, and the value of your home drops 20%, the bank will re-evaluate your HELOC, I can assure you of that.

However, this isn't always the case  - for example in the housing crash rents in some markets barely budged due to the sudden demand for rentals by foreclosed homeowners. 

The economy is hot & will remain so for years to come, so even if the real estate market does not grow as fast as before, don't expect a crash anytime soon.

Maybe they got sick of waiting for the next crash and thought they’d tried to create one?

I don't have real-estate experience, so I would need to learn thru program or on my own crash course on things like: easements, do I need LLC in each state I would buy in, learning to sell on terms (financing), how to close (can I do it myself), how good copy looks for mailings, etc.    

Are we heading into a real estate crash/correction? 

@Dustin Beam whatever happened during the crash of 2008 is not an indication of what could happen in he future.

So in other words, there needs to be another real estate crash for this market to even be remotely feasible...

I don't think we will ever see price developments as we see on the East and West Coast or cities like Vegas or Austin, we also won't see a crash as pronounced as these high flyers have experienced in the last down turn.

It seems like a small thing to major movers and shakers but we will again have a reset or worse, crash, from a thousand little pricks.