I've been wondering the same thing. Everyone keeps saying the housing bubble will burst, but it hasn't. I'm in LA and I've wanted to buy but have been afraid to since I know people who say their homes seriously lost value when the market went down in the early 90's. I've had real estate people even tell me now is not a good time to buy. I'm weary of waiting for the 'pop.' I do think the economy is headed for a dive. I just don't know how it will effect real estate; will it make it more affordable or will owning a home become even less of a possibility?
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