Well the housing market is already headed toward the cooler and thank your lucky stars if you are not a condo owner heh, heh.
I think you are correct in your comment regarding equity in real estate. So many have counted for so long on their R.E. equity being there to bail them out of any crisis that might come their way however, I suspect that is going to be tested here at least temporarily. Frankly, a home should always be considered shelter and an enjoyable place to live rather than an investment, but greed is greed and everybody always wants in on a good thing. Let's just see if things decline deep enough and for long enough to shake out some of the unwanted speculation and ridiculous over-valuations from the market.
I have no idea where it will all end up, but then I have my hands full just trying to master the obvious on my trading charts.
Happy Trading
