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OK...lets come up with a percentage figure for the coming RE bubble burst....Figure what price on the RE it would take to make it affordable on a monthly basis for U to buy one of these homes...and that likely will be the percentage of decline in prices.

A Home is a Home is a Home...for decades in this country people didn't look at RE as an investment..unless it was commercial or rental. Everybody has to have a place to live

It is true that if a region did not appreciate much it won't decline very much either...the converse is also true.

By the time the media starts to tell you the Bubble is Bursting it has allready done so.

Like the Stock Market Day Trader of the 90s so it will be for the RE Speculator who looks to flip homes or uses creative financiaing ...they will have their heads handed to them..unless they have hit the cashout button on the machine allready.

And pray tell where is all that Investment Money going to go...sit on the side lines in Money Market Accounts??? Not likely , Bonds in a rising interest rate environment, Hard Assets...how much more than 1M is someone going to pay for a Hemi-Cuda.

Take a look at corporate earnings....and that will tell you where the hot money is going to go.