I wish I had listened to him, but in 1999 I wasn't in the right mindset (was just starting an Internet marketing company at the end of 1999 right before the Dotcom crash happened in 2000). 

There are areas of the country that didn't crash with the 2008 housing crash. 

This was 08 09  crash.. he was in Bend Oregon that got hammered..

The market was flooded during the crash with repo+ss units.

About 20 feet later it hit the traffic pole and came crashing down about 5 feet from two girls.Then, about a minute later, some guy with the control started running to pick it up!

Crashing oil prices to hit house price appreciationThis may take a while to filter down, but at some point soon the strong price appreciation that has been going on in oil rich states will almost certainly halt.

Speeding is the number 1 cause of automobile deaths, and crashes.

If I'm all leveraged up and say ExxonMobil reports that abiotic oil is real and the price of oil drops to .25¢ a barrel and most of my tenants get laid off (I'm in the Houston market), then my ability to provide for my family comes crashing down.

I think it is no different at all....it will be coming down crashing again.

I have several HELOCs at prime (just above 3%) from the glory days of lending before the crash and one at 5.75% at 90% LTV from after the crash.