[bird72]

I respectfully disagree on major bubble burst, price drop, in the long run, big picture. The bid over list scenario may cool down, and some of the frenzy drop off, yes. Home cost is multi faceted, labor, material, demand, area, BUT.....

When houses went to 100K they never went back to 50, when they went to 200K they never went back to 100, when they shockingly hit 300, it just paved the way for 400, etc, etc. Even 2008 is starting to look like a speed bump. Nobody is saying stupid price new 90K pick up trucks will go back to 40..... sheet just is, and we are getting hosed to a degree.... but it is.