My area (Oklahoma) most likely won't see a crash like California -- is that a fair read?

That's a fair read, and the reason is structural rather than luck. Much of Oklahoma, like a lot of middle America, doesn't get the dramatic run-ups that bubble-prone markets (coastal California, New York, Florida, the big Texas metros) can see. Without that speculative head of steam on the way up, there is far less to give back on the way down. You can't lose a spike you never had. The deeper driver is buildable land. When demand heats up in a land-rich market, builders can meet it relatively easily and cheaply, which caps how far prices spike. When demand cools, there was never an extreme valuation to unwind. That supply flexibility absorbs shocks in both directions. Geographically boxed-in coastal markets lack it, which is a big part of why they swing harder. Set the expectation correctly on both ends, though: the flip side of that stability is that you probably won't see California-style appreciation either. Steadier, flatter, less drama both ways. We can't promise any market never declines, since local jobs and the wider economy always matter. But a land-rich, non-speculative market is built to avoid the violent swings rather than deliver them.