[RightWhale]

If so many of the good jobs are disappearing, one might expect the hyperinflated housing market to find a new, lower level at some time. Alaska, Fairbanks in particular, is known for a boom-bust business cycle. It's been booming since Prudhoe, and one has to wonder if the economy will go bust again and if it will happen overnight. There are a lot of huge, upscale homes built recently. Maybe we who remain after the bust could move into 7000 square foot mansions a penny on the dollar.

[Willie Green]

If so many of the good jobs are disappearing, one might expect the hyperinflated housing market to find a new, lower level at some time

U.S. mortgage demand falls in July 18 week-MBA
Layoffs Loom as Mortgage Boom Wanes

[Regulator]

Which is why all the real investors I know are waiting for said bust (predicted by PIMCO to be in the 2005-06 time frame) to occur before stepping into the real estate market.

They may not be right, but I've seen at least 3 major cycles since 1973 in the West. The East coast seems to be somewhat out of phase, but the swings are larger.