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Oh no way its not going to crash again. Anyone who has been around for a while has watched this play out before and can see it happening all over again. Wife just sold her parents house that was in one of the nicer parts of town. They got out from under it just in time. Prices were already starting to slip. Some of her siblings wanted to wait. I told them go ahead but the market is not going to keep going up. They all finally relented and signed off. 6 months later houses is the same area are either sitting wit no sale or having to take a MUCH lower offer. This same place 2 years ago when one went on the market it was a bidding war. None of them sold for asking, it was always far over as people bid against each other. Soon be a buyers market when a lot of short sales come up.Pretty soon a $1M house will be worth less too.