Funny thing is that I met a builder tonight that built them before all the local manufacturers went belly up in the crash.

Do you think we may be at an eight year High from the 2008 Crash? 

was just curious,  a good friend of mine from Portlandia moved his PM bizz to PHX in 08 right in the middle of the crash.. crash was created in big part on the small multi arena by Hispanics being kicked out or leaving as construction jobs failed.he built it up to about 2,000 doors under management..He is selling out..

It's hard for me to see a crash that is equally compensated by lower mortgages. 

Everything I've seen thus far about the market in California is pointing us towards hitting our peak of the market within the next couple years or so and there's not much to grow, also we're only predicted to have a small bump down in the market from what I've seen and not like the crash of 2008 from what I've seen.

As far as Bush reform, it lead to record levels of home ownership and soaring real estate prices, followed by a massive real estate crash.

@Jay Hinrichs,I agree that a sponsor must have a long track record that precedes 2008 crash.

After paying that off in eight years, I started looking again but the market was crazy and then crashed so I sat on the sidelines, saving and kept looking for several years before finally pulling the trigger on a six-family building in Sunnyside - I put $300k down, and used a cash out refinance on two other properties for the other $550k.

A few people saw the 2008 crash coming and made money through their foresight.

The main reason I have gone to QB online is because I had a computer crash and had significant work to rebuild the file, even with a fairly recent back up.