[D-Chivas]

And it all came tumbling down...the housing mania, like all manias, will end badly.

And then it will go back up, like it always has.

[Moonman62]

The slowdown started in the summer of 2005, and so far it's beeen very mild.

[overtaxed_canadian]

Of course, but it takes a long time, a lot of opportunity cost on your money, and a lot of interest paid on a mortgage in the interim. If you bought at the peak of Vancouver's housing bubble in 1981, you didn't break even at inflation-adjusted prices until 2005.

[RobRoy]

>>And then it will go back up, like it always has.<<

Yup.

On a side note, the stock market returned to it's 1929 peak in about 1954. ;)

[staytrue]

And then it will go back up, like it always has.

Maybe not. Japan has never recovered from its real estate bubble in 1989. But then Japan has a declining population. However, the US has a zero population growth if you exclude immigration.