Somewhat related, my father works as an X-ray technician and was helping a financial adviser(think she might have broken an arm...not important but just piqued my curiosity) and she said that in 2013 we're going to have a real depression. One that might take between 7-12 years to get through, and she said this in 2010.
Primarily due to the fact that in 2013, most of the Baby boomers are at retirement age in the US. And generally retired people don't really spend money, the problem is also that Greece is imploding, Spain not doing well either, and China may actually have over extended its credit in the world and is going to start demanding its money back.
Financially the global economy hasn't been well in what, almost 7 years or so now? I've been seeing more and more of these 'economic meltdown' articles popping up as of recent and am starting to expect things are gonna go sour pretty soon.
Might be time for folks here to stop spending money on RE stuff for a while and start saving up for a really bad day.
Kind of funny how the worlds economy seems to be like a bunch of dominoes, all you have to do is knock one over. :/