jc you live in America, anything could happen, you may even wil a lotto. What if you were born in Iran or Iraq would your chances of a nice home be any better?
I agree home prices did go out of control, but more so in certain locations. For example percentage wise homes very close to major cities like LA and New York saw less of an increase compared to lets say a home in Murrieta or simular that increased 3 X or more in value in less then 4 years. I really hope were not going to see hugh reductions in prime real-estate. your not going to see homes on Newport Beach selling for 700K your dreaming, but if we do wake up and see this were fucked!