Readers suggested the reaction of others as a weekend topic. "I would love to hear from you Californians if any of your family, friends, co-workers, etc. have given you the, 'you were right' speech yet. I’ve gotten it from a couple people here and we are nowhere near the meltdown stage that California is at. It would be great to get the details and how you reacted to it."

One posted, "CA has wayyyyy to much ego for any come-to-jesus moments. Thats reserved for you angst-ridden Woody Allen, New York types that feel it necessary to talk about everything in excruciating detail, over n over n over until I just want to step in front of the A-Train. (is there really an A-train & not just in the song)??"

One had this. "My father kept telling me to buy this piece of crap condo for 500k or I would be priced out forever because in 5 years it was going to be 1 million. Right now they are priced under 500k with being months on the market infact, houses in the area are edging closer to low 5’s."

"Now they send me articles like this…"NEW YORK (Dec. 6) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody’s Economy.com said on Thursday."

"So, they think these people should be bailed out because realtors talked them into houses they can’t afford. My Father wants houses to stay high and protect his 'equity' and I want houses prices to fall so I can 1) buy a home for my family and have it paid off when I retire and 2) look at all those smug people and say, 'I told you so.'"

A response, "How sad. I’m a Dad and I own my house and I want prices to fall so that 1) my daughter will be able to afford one some day, and 2) my taxes remain reasonable."

"It’s my home. I’m trying to pay it off. I would appreciate it if it didn’t inflate to such ridiculous heights so that I get taxed out of it. Actually, I would like it to go to zero, because no matter the tax mill rate, zero times whatever is still zero."

"I also think it would be nice if my children could afford to purchase a house someday, and make it their home."

And another, "Your dad is a jerk. He doesn’t need the 'equity,' he needs to pay off his house and live there. You’d think he would be more concerned that his children and grandchildren can afford houses."

One has friends in the business, "LOL. Everyone is now 'not talking about it' because we have a friend who is a broker who made 140k in 06 and is going to be lucky if he clears 25k this year. If housing values do come up accidentally, everyone looks at me and does the stressed out, thin lipped 'don’t let her say I told you so' thing."

One from Orange County, "I finally have been hearing the you were right comments. Father in law said it was different here, no way were prices going to drop, but when the OC register said prices were down 8% last month, he capitulated and said I was right."

"Funny how I was saying that all the funny financing, no doc loans were the root cause of this for the last 2 years (got this from this blog - thanks guys!).. and he didnt want to listen. Now that the paper finally prints what we have all been saying here, he finally gets it."

A reply, "It’s strange how sometimes only the written word has the power to convince."

One noticed this, "Most I have come in contact with now pretend they knew all this information all along. They’re all suffering memory lapses about conversations we had. Of course, they had their fingers in the ears and were going la la la when I used to talk to them, so it’s hard for them to remember what I was saying."

Another concurs, "That is what I’m seeing as well. It was so self-evident, after the fact. I just shake my head. It is amazing how many knew the bubble would pop."

One got this at work, "Several coworkers (in northern Calif.) have said I was right, and I even won a bet from one since he finally conceded there was a bubble and it has popped (we debated the topic for the last few years)…. But another just bid on a house even after I sent him here a few weeks ago….I’ve decided to hold my tongue, anyone who doesn’t get it by now is hopeless. Sold my own place in April and got out just in time thanks to what I learned here."

One poster knows some FB. "Nah, the FBs I know are just 'vewy vewy quiiiiet' about the subject right now. But then they don’t have much time to talk because they are working a lot of overtime. One guy I have known professionally for a long time is suddenly throwing himself into his job in a way he never has before. The situation seems to have done wonders for his work ethic."

And another, "Yup, the guy down the street from me who thought his house was worth 350,000 (in my neighborhood 190k or 200,000 tops) two years ago I told him no way. Now he says it’s worth 250,000 then he waits for me to agree with him (I don’t) so he’ll be dropping his price again because wishing prices are long gone."

"He’s not too happy about the downturn. The guy down the street has his house for sale listed at 369,000 !!! I laugh everytime I drive by it."

One saw progress, "Close family always supported me. (I’ve been correct on other bubbles in the past.) However, some uncles and cousins still aren’t there. But I’ve kept one cousin from buying a condo."

"Coworkers have gone from yelling 'buy now or be priced out forever' to quietly coming up to me with bubble information. (Even if I already know it, I’ll ‘pat them on the back’ in order to help spread the news.)"

One from an Ex, "I haven’t gotten the 'You were right' speech, but my ex did ask me - point blank - 'How do I get out of it?” - referring to his Florida ‘investment' condo."

"Coming from him, it’s the equivalent of 'down on my knees begging for forgiveness for being a bonehead' from a normal person."

One wasn't successful, "I’m worried about our nephew and his wife who bought a condo in Valley Village, LA in 2004, interest only ARM. I don’t know when the reset is. I urged them not to 'buy' it in 2004, but he and his parents didn’t want to hear it. It’s my husband’s family, so I keep my mouth shut. Hopefully they can afford the reset."

This one had better luck, "Yes, yes, yes, and yes. It’s too late for some close friends and relatives. I’ve convinced quite a few people to belt tighten and live below their means recently. When people say 'you were right,' I just say 'Thanks!,' and that’s the end of that conversation…unless the person is a bubblista, then we rant on for hours."

As did this poster, "No one from SoCal, but two friends in PA have acknowledged that I was right. One is grateful because I enthusiastically convinced him not to do a flip in Tampa 2 yrs ago."

And this one spotted a trend, "I’ve had two people tell me they were happy they didn’t buy last year when I talked them out of it, and two people who were happy they sold last year when I told them to (they were both thinking of renting out the houses.) But no 'you were right' from any of them. Most people would rather think that it was their own idea."

One on investments, "I wrote on a thread a while back that an LA friend who had invested in REITS had divested thanks to my advice and saved 50K. He admitted that I was right." One was brief, "I have gotten a few of these in just the last two weeks…two went as far to say something like…'you saw it three years ago.'"

And finally, "I am in North County San Diego. When I check foreclosure.com, I am beginning to see people I know on the Preforclosure list. I don’t talk about personal finances with any friends, but I have, in a very measured way, when asked, discouraged my son and his wife from buying for the last couple of years."

"Every week my son thanks me."