One reader wants to know what you've done to warn others about the housing bubble. "I’d like to see what others are doing/saying to convince family/friends that the real estate freak show is over! I’ve pissed off any number of people by trying to help, and I’d like to read about other’s efforts and how it worked out."

Another said, "It was a little tricky in my case because my wife and I moved away from San Diego a little while ago, and we kept our house in SD in case things didn’t work out in our new town. This meant that when we decided to put the house on the market, my in-laws assumed it meant we weren’t coming back to SD. When I tried to explain that this was our best opportunity to buy into a better neighborhood in SD (sell high now, buy low in a better neighborhood later on), it was met with the 'you’ll never be able to buy back in' argument."

"I found it helpful, however, to walk my mother-in-law through the numbers (how much a $400-500K mortgage payment is, how much you’d really have to earn to support that, etc.) and to point out that the high numbers of speculators and tightening credit requirements are really threatening to bring everything to a devastating end. So, now we’re in escrow (please cross your fingers for me and pray that we successfully close), and my mother-in-law still sometimes frets about our decision, but as my wife put it, 'Mom, this has no effect on your finances. You have no reason to worry.'"

"Granted, this was only to provide the rationale for our decision to sell our own place. I wasn’t about to try to convince my in-laws that they should be selling. That, I must concede, is a much more hazardous undertaking."