[Porterville]

I hope they can get by without water... of course I guess that doesn't factor into what you clearly have no idea what you are speaking... worth is real value... like internet stocks... I suspect you've had your share- were they "worth" what you paid?

[bfree]

Freedom really annoys you, doesn't it?

[tdadams]

I've managed to do well in the housing market and the stock market. It sounds like you're speaking from sour grapes. I have sympathy for you, but that doesn't make your opinion any more valid.

There have been naysayers in the real estate market as long as there has been a real estate market, and 99.999% of the time, the naysayers are wrong.

I remember people looking at houses in my neighborhood eight years ago, scratching their head saying there's no way these houses were worth $300K, they were selling for $200K a couple of years ago. Guess what? They've only continued to go up, some up to almost $700K now. Guess what? They're NEVER going to be $200K again. What do you think the real worth is?

You're hoping for 1990's prices. Keep twidling your thumbs and waiting for the housing prices to come back to what you think is normal and you might be waiting for a good long while.