I was reading this article today http://finance.yahoo.com/focus-reti...ts-Your-Retirement?mod=retirement-preparation and there was a line that said this "According to a recent report from the Center for Economic and Policy Research, a Washington, D.C. think tank, the collapse of house prices that started in 2006 has wiped out more than $4 trillion in home equity..." It didnt get wiped out. It just got transferred. They never mention that home values went up more than $5 trillion a few years ago before they lost that $4 trillion in equity. Nothing was lost, it was just transferred. How do i know? Because I was one of the people that profited from the housing. Once i received my profit of 140k for owning my house for 4 years(which i only paid 148k for the house), I took that profit and planned to buy another property in another state. But instead of being greedy, i saw that propertys that were selling for 170k a few months earlier where selling for over 250k then so i said "Forget this...I'm renting until prices come down" (it was at this time that the media and all the realtors were SURE that property values would keep going up and and worst, they would just level off for a few years) Yeah right. Even in 2005 I knew there was a collapse coming alone with everyone else that sold all their property and rented. Anyone who has ever read "The Richest Man in Babylon" should know the 5th law of gold. "Gold flees from the man that would force it to impossible earnings or who followeth the alluring advice of tricksters & schemers or who trusts it to his own inexperience and romantic desires in investment." I dont know why we spend so much money on education and never teach kids about money.