[RexBeach]

Whenever someone says "this time it's different," it isn't. Period.

[Lazamataz]

Whenever someone says "this time it's different," it isn't. Period.

Yeah, but this time it's different because you wrote that.

[Steven W.]

Whenever someone says "this time it's different," it isn't. Period.

That's right - decade after decade for hundreds of years housing markets have gone through fluctations. And any market has buyers & sellers, hypesters and short sellers, fools & idiots.

[A CA Guy]

RE crashed on the 80s and lots got burned.
It crashed in the 90s.

Now due to the lowest interest rate loans and bad loans in perhaps history, we have the highest RE gains.

Over the next few years as ARMS go up and interest only loans come due, look for lots of foreclosures.

My concern is this will be heavily felt in the economy as we head into the 2008 elections and could hand us a Democrat President because people will not understand the economics of this.