btw i'm not so sure a crash in house prices will have such a profound effect on aviation. Obviously property speculators will be hit in the short term and people who have over stretched themselves to buy houses at over inflated prices over the last 10 years but I doubt these people make up the majority of the population. It's the other factors that will hit hard such as high interest rates, rises in the cost of living and fuel prices. That said, if you ignore house prices, we've been living cheaply for many years now, anyone who is in their mid 30's will remember how much more house hold items, electrical goods, tools, cars and food cost 10-15 years ago.