[dragnet2]

Oh come now... In my area of S.Cal you can look at a graph of prices from the early 40s to now, and it appears as a ladder going up steadily, with just a few spots of leveling out or dipping.

Given that *fact* that America will grow in population 30 million plus in the next decade or two...Well, one can imagine where prices will be going.

[RobRoy]

You sound like a lot of guys here back in early 2006.

A stronger case than the one you made could have been made for Japan in the late 1980’s. It didn’t keep them from a 14 year real estate slump.

You want to know where this is going? Look at the chart (and article) here:
http://seekingalpha.com/article/51466-the-worst-is-yet-to-come-for-housing?source=d_email