I don't like to be a fear monger, but as if to put a giant exclamation point on my last post and its musings on the problems California is facing, please check out this recent post on Daily Kos. It has a massive amount of data regarding the housing bubble and why, quite possibly, this recession has only just begun.
...And it's really scary and has lots of charts and graphs.
And, mostly, I don't know what it all means. I am very glad to not be a homeowner, however.
Stupid housing bubble.