There's plenty of analysis available, people have been sounding the alarm for the past 6-8 months. Not a bunch of nobodies and doom and gloom blogs either, big

There's plenty of analysis available, people have been sounding the alarm for the past 6-8 months. Not a bunch of nobodies and doom and gloom blogs either, big money movers have been saying this. If you don't think it only takes one sneeze for an entire market to get the cold, you haven't been paying attention. If VCs are illiquid, and credit markets are illiquid...and there are securities above them that has a valuation based on the premise that there's liquidity in the underlying market...when people pull money out of those top level securities and the underlying market doesn't actually have the money (think ETF-like securities), you're gonna have a bad time. San Francisco is not the only market that's going to be effected in real estate. Austin, Nashville, Seattle, Charlotte; there a lot of mid-level cities that saw explosive growth over the past 6 years because of VC. The rust belt probably won't be effected like it was in 2008, because it hasn't moved as explosively. It won't be a 2008 style crisis, it will likely not be so severe, it will probably be more like a 2000-lite. It will probably rebound relatively quickly too, that's perfectly normal, it's a sling shot effect due to inventory depletion after a short period. It's just a market correction. Don't fear the correction, it's necessary; and it's how the smart money gets in cheaper with dollar cost averaging.