This was a really great post...Sometimes I have a difficult time keeping all this straight, much less explaining it to someone. Yes, you are right...we must keep in mind that history does repeat itself and learn from our mistakes!
I do not know how long we can keep going like this in our country. I paid $100.00 to fill my car up with gas this week. Not sure what the answer is, but something needs to change!
You are right...it is definitely a buyers market. I think there are going to be more and more second homes and so called investments for sale over the next several months. However, it's hard to predict when these investments will show a return. You might have to sit on them for ten years.