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And although some economists still expect things to get worse, "I certainly don't think we're in for another Great Depression," says economist Edward Leamer, whose UCLA Anderson Forecast has been predicting a real-estate swoon for the past two years.

     Welcome to economics... it's a period of cycles. And just goes to prove that there is no quick way to get rich fast. Another example... the bubble. Sorry Californians, sunny weather doesn't mean your house is actually worth $800,000.

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