Guru sees US real estate crash impacting world markets

Top investor sees U.S. property crash | Reuters:
"'You can't believe how bad it's going to get before it gets any better,' [Jim Rogers] the prominent U.S. fund manager told Reuters by telephone from New York."

I am thankful that my own little development is nearly sold out. I plan to sit on the sidelines for a while even though the real estate markets continue to show signs of life in the two areas I know best - Greenville County, SC and Berks County, PA.