Re: Have you joined this club yet?
All you really had to do was own a house in one of a couple of dozen real estate markets.
The bad news is, by next year the millionaire ranks may have equally contracted, for the same reasons...
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.