Just look at the Milgram Shock Experiment or when co-pilots let the the plane crash because they didn't want to correct the more experienced pilot. 

We NEVER went days on end without seeing the sun - that's been normal here off and on the past 3 years - thank the Lord we're hitting summer where that should stop until this fall hopefully.Anyways - my personal preference is lots of sunshine and not days on end of clouds and grayness and hopefully no hurricane force winds for days on end - all things you can get in KS - I've lived in Holcomb, KS - 9 miles from Garden City in western KSWichita KS - most of my life with 1 place in city limits during adulthood, childhood out of town in a rural setting, and hs years on the edge of town in the burbs but with landTopeka, KS - going on 3 yrs now - we live out of town on landFt Myers, FL during the height of the bubble and start of the crash in the 00'sCape Coral, FL - same time periodPort Charlotte, FL - same time periodIf we were to stay in KS - there are things I like about where we're at but we are not in "LOVE" with it - we're close to KC - close to downtown Lawrence and have a unique property that is affordable.   

After the market crashed we relocated and are starting in a new area. as the area we lived in was highly dependent on construction and unemployment there was 20%.

However; the market crashed while we were half way into the build out.

What happens if someone loses their job or the housing market crashes again, you'd be in a predicament.

When the markets crashed we were in the middle of a subdivision (all spec homes) and 2 commercial office/retail projects.

Prices seem to be equal or higher than what they were before the crash - but before the crash they were falsly inflated through fraud, while right now the prices seem to have grown organically. 

Foldvary predicted the real estate crash in 2006 using this same methodology. 

I think that the onerous rules and regulations from Dodd-Frank made it almost impossible to start a new community bank, which took a beating in the crash.

The only good thing about RE is that you can't sell quickly so there is no panic selling or machine trading like flash crash