Yea I'm a realtor in Phoenix and I'd agree home prices are crazy right now, I'm going to be selling mine. Having a 3 bedroom house for a single guy is just crazy. I bought it almost 2 years ago so I'll do pretty good on it. I agree a home you live in is not an asset. And even rentals if there isnt a big enough equity position and good cashflow its more of a liability than asset. Alot of the big investors ive talked to alot more are selling than are buying..