I bought a house in vegas in 2001 for 148k. Sold it in 2005 for 293k Refused to buy another house despite realtors saying real estate never goes down. So now its a few years later and i wonder about the people that bought my house. I kind of feel like i pulled one over on them. I knew that real estate was going to fall and now they are left holding the bag. They put about 50k of work into the house and I just checked though and they are trying to sell it for 239k (no doubt a short sale). The homes in the area now though are selling for less than they did in 2001. A house a block away on a bigger lot is in forclosure and the bank wants 69k for it. I feel really bad for those people as they were very nice. I notice there is not alot of talk of people selling their real estate during the boom, but there must be alot more like me that are just keeping quiet. Not everyone rolled their profits into more houses because if they did, the banks wouldnt be in such trouble. Alot of people had to have cashed out.