ohh ya, there will never be homes for sale again ever you better get in right now!!That line of thinking has cost a lot of people very nice homes. Much nicer than their apartments. There is nothing crazy about this market. It is simply demand exceeding supply made worse by building material inflation and higher labor costs.
/sarcasm
do you real estate guys believe your own gospel? too big to fail? i could be wrong (and part of me hopes i am wrong) but 08 is going to look like a joke