I took it that houses were way overvalued and they are falling back to what the true value is.

Without endless amounts of debt...the prices could never have risen so high.

I sold all of my condos in Scottsdale in 2007 for about 190K....now they are selling for 70K at foreclosure....I bought gold and silver at the time and it has gone from 700 to 1100.

So I can buy 4 condos for every one I sold... but I'm not buying yet.

I'll wait for the condos to go for 40 and gold to be 5,000. Then I'll buy all the property I want and retire...

Nice chart though.