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Even when the bubble bursts the houses rarely go down all that much in value, they just stop rising for a while. You just hang on. I just bought a house in LA last year for 900k and coincidentally the deed of title on a 1.125m house in Las Vegas just got passed to me this morning. I'm not scared. I have two 30 yr fixed loans at a good interest rate and if I have to pass through this bubble, out the other side and into the next bubble before I sell I don't see it as a problem.
When the govt. decides to go after porn sites, THAT'S a problem I worry about.
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