Straight out of the textbook HP'ers. Bidding wars. Lines of sheeple. Tony Robbins. "It's different this time" and realtors saying "there is no bubble". Hell, even Nicholas Retsinas shows up to cheerlead and say prices wouldn't fall. 'Nuff said.
Here's the video. (on the BNN - takes a few seconds to load)
The scenes of housing gamblers yelling and screaming and dancing at the get-rich-quick seminar will turn your stomach. And make you even madder at Congress and Greenspan calling to bail out these "poor people who were taken advantage of". People gambled, they lost, and now it's time for the market to do its thing.