any item is only worth as much as someone is willing t pay for it. supply and demand comes into effect. if you have 100 peopel wanting homes, only 20 homes, price goes up. now you have a shit load of homes, and peopel who cant own them, they go down.it is timing.
granted, prices n the short term are going to be shit. but long term should not change. when have you heard of someone lose money on a house after 10 plus years?