Well that is what I hear all the time how about you?  Let me ask you a question, is there anybody you know that would prefer to live in the streets than in a home or apartment?  Let me ask you another question, for everybody that rents a place to live, isnt there someone that owns that property?  I mean rent is being paid to an owner correct?  We unfortunately have people loosing their homes, when they go to rent property dont they rent from someone else that owns?  Then how the HELL can real estate be dead?  Lets see your stock goes down 50% what do you have?  Nothing!  Your 401 (k) becomes a 201 (k) what you have?  Your property value declines 50%, what do you have?  YOU HAVE THE PROPERTY!  Something tangible that you can do something with.  You can rent it out, you can make improvements or modifications, to the home, you can rent rooms etc...  There is something tangible to work with.

Truth be told the last 10 years our ecomony has been fueled by our housing market, not the stock market.  Every day people could participate in the stock market or other "luxuries" based upon the value and appreciation of their homes.  THE MARKET IS ALREADY COMING BACK!  What I mean by that is this.  Property values compared to a few years ago is down, but our activity is up.  Why?  Prices are at a level that NORMAL people can step in to purchase, AND INVESTORS see opportunties for cash flow purposes!  In the markets I work it is undoubtely the best time we have seen in years and probably the last of my real estate career to obtain properties and achieve these goals!

Dont follow the mainstream media.  They are always months behind the truth!  Dont sleep on your dreams