And if Houses prices plummet then the Rich are going to buy them all up.
Real Estate actually is at an all time high, and continuing to appreciate at an incredible rate. The only ones who can afford them are ones selling thier homes to buy a new one or the "rich". The rich are buying the homes right now on short term ARM loans with incredibly low interest rates. It will be very interesting to see where the real esate business will be in the next 3-5 years when those ARMs and LIBORS expire if the rates continue back up to a "normal" price.
Just my opinion anyway.