Itulip, while having an admirable degree of research, interprets this research in very dangerous and predictable ways.
"Today's average [house] price is around $8,000-out of reach for two-thirds of all buyers." Science Digest, April 1948
"The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house today costs $28,000." Business Week 1969
"In California....for example, it is not unusual to find families fo average means buying $100,000 houses....I'm confident prices have passed their peak." The Coming Real Estate Crash 1980
"Financial planners agree that houses will continue to be a poor investment." Kiplinger's 1993
I went to Itulip and read a forecast that predicted a global economic bust, particularly in real estate, and attributed it primarily to Condoleezza Rice making statements which upset Vladimir Putin, Hugo Chavez and Mahmoud Ahmadinejad. Right. Those folk don't have a political ax to grind.
The climate of today's global economy warrants more optomism than ever. China, India, Brazil, Russia, even Mexico have embraced capitalism and started practicing free enterprise in my humble opinion, we are at the beginning of a long period of global prosperity.