[HamiltonJay]

I am not in one of those insane markets, and even here locally they are predicting a 16% default rate in the coming year.....

People who think there is no housing bubble, and that it won't have any impact on them... are in la la land.

[ex-Texan]

These people who are attacking me may be in the business of pimping real estate or mortgages.

[stainlessbanner]

I'm on several distro lists from RE Agents and their email notes and news articles have soured a bit. They now use terms such as "balanced housing market", "equilibrium", "steadying" and "moderate increases."

I think aggressive mortgage packages have allowed more folks get into houses they would not otherwise afford. It worked for a little while, but I think cost increases in other household budgetary areas are putting pressure on mortgage payments.

I also think too many folks were playing "RE investor" based on what they learned on late night infomercials. They might get stuck holding some properties longer than they intended and/or not making the profit they expected.