Five years ago, when the housing market and the stock market were still both going strong, the Atlantic ran as a cover story my article "Countdown to a Meltdown." It was an imagined history of the Presidential Election of 2016, and the "MacGuffin" of its plotline was the big (and at the time also imaginary) housing/financial crash of the late 2000s. The idea was that prolonged economic chaos discredited both of the main political parties and cleared the way for a third, "let's cut the crap" party to take the White House six years from now. It's written in the form of a "What do we do now?" memo from the new party's Karl Rove equivalent to the candidate destined to win in 2016.
Obviously a lot of the details and color in the story are out of date now. I was, after all, writing it early in 2005, soon after George W. Bush had been sworn in for a second term. But some of the patterns will not seem so outdated. I think it's worth a look.