Back in 2006-2007, the market was at it's peak and them came crashing down.  Will it happen again?  It may not happen for the same reasons, but remember, there are market cycles.  The inventory of homes for sale has been sparse for the past few years.  That drove prices up.  I was looking at homes in West Los Angeles, the other month, and I couldn't believe the relative shacks that were going for $800K.  Who could afford to live in those run-down neighborhoods at that price?  I was amazed as ...
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