LA_Renter – I agree that the amount of cash on the sidelines does not compare to the free money that was available. I don’t know what the impetus would be to get another run on RE. Right now w/the tightening of credit, 20% down, already few qualify compared to just a couple years earlier. It’s a considerable disparity.
Good point about housing being the cause of this recession. The domino effect into everything housing touched is also a factor, one that directly correlates to employment. The jobs lost now are of considerable income levels that are not easily going to be replaced w/out further education.
