Because of the Media? Nice, blame them and not the Banks, mortgage companies, people that spent beyond their means, the Realtors that told them "Real Estate never goes down", Flippers, and more.
Yea it is the Media. Oh, and we will turn this around in 2009 and see the same prices even with no Sub-prime, higher rates on Jumbos, too much inventory, and tougher credit requirements.
How are you going to make lots of money? Buy low and sell high? You buy in 2009 and when are you going to sell high? 2015?