I too have lived through many crashes (87-08). In those days it seemed like we took our medicine no matter how bad it tasted and lived with the outcome. Today it seems different, there is no limit to what the Gov and the FED will do to keep the wheels on the wagon. Although it seems like a clown world economy, it is nothing compared to what is happening in Canada/Toronto. I just got off the phone with family in Toronto and they were telling me their house is going up $3000 - $4000 a week in value (on the low end). They bought it in 2005 for $440k and now can expect at least 2.2 -2.5 million without any improvements. What I find interesting is the experts talk like this is all normal and the market is fine. What do I know.....