That mess won't be over 'til housing prices are lowered to pre 2004 prices (the true house values).

Hopefully this will teach everbody that you can't become a real estate investor over night to get rich quick.

Here's are some good rules of thumb.
1. If your house is currently valued at $200,000...the actual value should be reduced by at least $50,000.

2. If your house is currently valued at $300,000...the actual value should be reduced by at least $75,000.

3. If your house is currently valued at $400,000...the actual value should be reduced by at least $100,00.

And so on and so on.