Hi Robert,

Thanks for the interseting thread starter.

My opinion is that we are at a top in the market(at least here in NJ)

Home prices have nearly tripled in some areas. I know the house I bought for 185K in 2004 is now selling for 239K-259K.

The same house was selling for 110k in 1999-2000.

Like all markets, they go up, then they go down.
BUT, luckily , unlike stocks and other more volatile investments, Real Estate declines happen over a period of years instead of over night.

A fellow that I talk to who does marketing consulting for alot of TOP Real Estate Agents & Real EState Investors(BILLIONAIRES) agree that the market is topping and will decline over the next 5-7 years.

I tend to listen to BILLIONAIRES.

Mark