Or dry up during a crisis?

Mortgage fraud conspirators who contributed to the real estate crisis of 2008 are still standing in line for punishment.

This is largely aided by gov-mint guarantees and a distortion of the cost of money such that it is more attractive to the average consumer than small bank debtAgain...there is plenty of blame to go around from all parties to these transactions, but absent government intervention and distortion of the free market there would be no crisis.

im going to columbia next yr to study econ philosophy. i could def write a thesis paper on the times we're experiencing right now... is this crisis a genuine materialized problem or perhaps extremely gross over reacti...

I think if Obama does things that cause basic commodities such as gas and food to increase (which I think he will), then the housing market will take longer to recoup.I personally think the sub prime lending was not the sole cause of the credit crisis and housing burst since according to the data I have seen, the percentage of sub prime loans as a total of all loans is about the same as it was in the 90's and early 00's.

Forced onto the American taxpayer, politicians claimed the Bailout was mandatory to, at minimum, delay the largest financial crisis since the Great Depression.

While the media is pounding away at the credit crisis, the small local banks have had limited exposure to the current economic mess.

A lot of big boys including hedge funds, vulture funds, pension funds and rich out of town investors got seriously involved from 2011 onwards and basically took all the low hanging fruit the rest of us enjoyed during the peak crisis days. 

I see existing home sales and valuations at or above pre-crisis at the moment, and wondering if I should wait for a market correction before buying my first property?

It was better several years ago when we were in the depths of the foreclosure crisis, most banks required brokers to list properties.