[A CA Guy]

The banks are insolvent and are holding lots of the homes on the books at full value instead of taking the real major losses for the record.

I think we have seen NOTHING yet regarding the negative aspects of the real estate market.

In addition, the Democrats are moving to try and raise property taxes everywhere to make sure living in your own home is the same as paying rent.

Forget about the death tax as well.
Wy save, get a home or try to be productive with a government trying to confiscate everything including your last breath.

[BobL]

Can’t argue that. I’ve got some cash, and I’d love to buy land, but the whole market is juiced, so I do nothing with it.