Thanks for all the comments and links. I’ve been reading this blog for several months, and this is the first time that someone I know has been seriously thinking about buying a house. I feel a little uncomfortable advising someone on such a big decision, so I’m glad I was able to pass on these informative web sites. Ultimately, the decision is theirs, but at least if they check out these websites they’ll have a better idea of the downside of this market (as opposed to the optimistic spin they are probably getting from those in the REIC)