Are you saying that equity WILL continue to bring profits or not? Not sure I understand your post.
LOL! Rough night for me.
IMO, prices will come down another 15% minimum...so with that, it's kind of hard for me to look a prospective buyer in the eye who asks me "Is now a good time to buy?"
Last real estate bust was in 1990 and it took the entire decade of the nineties for it to return to 1990 prices.
Of course they doubled within the next 4 years..but that can't happen again without more creative mortgage programs to make the monthly nut manageable.