I for one am not scared, and I am paying very close attention to the RE market. Why would that scare anyone? We have a down cycle at hand, prices are going down, which should provide opportunity. Decisions made out of fear are typically the ones people live to regret.
Any bailout will just be in the form of friendly monetary policy, which we are seeing right now. Remove emotion from investment decisions, and if you consider a home an investment ( I do not ) then remove it from that decision as well.
One of the main adages I go by is that the market is always right, and it is my job to be in sync with it or I am the one that is wrong. Just because I think a certain outcome will take place, does not mean it will. If I am wrong, then I need to adjust my thinking to what is at hand. I think too many people in here are too rigid in their thinking about this armageddon that is in front of us. It may happen, but what is your plan if it does not? The times in my career when my thinking has been the most rigid, have always been the times my investing results have been the worst.
I am sure I will be killed for these comments, so go ahead, start shooting.
