I have a friend that does nothing all day but listen to talk radio. He is convinced that this will happen all across the US. I think I believe it.

I bought a condo 3 years ago for $83,000. I sold it this year for $155,000. The only reason I sold it was to get the cash out of it and I could move back in with my parents for a while. I have been looking at houses since, and prices are still going up. They're so high now, that I could have dumped my condo for closer to 200,000. I don't know what the hell is going on, but I am waiting for the bubble to burst now so I can afford a house.