You rent your depreciating assets and you buy your appreciating ones.
People who bought in at peak price and had to sell out low when the market corrected itself are the exception, not the rule. Long term, housing goes up.
Between super low mortgage rates, inflation, devaluation, and the supply excess from foreclosures and forced sales, there is a killing to be made in real estate very shortly from now. I like hype like this because it keeps demand down.