"Firstly, recession not confirmed. Unless you are Merv King and are about to announce it.
Secondly, a house price crash has zero effect on the vast majority of the population's cash situation. A basic understanding of economics tells you that the only home owners affectd by a housing slump are those forced to sell. That is not many. If your average house drops 15% in value, it makes no difference to your monthly income/outgoings."
Must be nice on your planet EK4457... back here on planet earth only those inhabiting padded cells think the UK isn't in recession. Sometimes I wonder if some of you folks ever venture out into the real world.... life may well deal you a pretty unpleasant surprise in the next 6-12 months