"I just hope urban real estate doesn't go even more berserk with investors looking to park otherwise uninvestable money."

I fear this too, and I have benefitted greatly from this realestate bubble.

My two hopes are: The Fed doesn't chicken out, and starts to raise interest rates. Plus, I would like to see an immediate end to foreigners buying realestate without becoming citizens first! At least residential? Right now they can pick up a phone, and buy any home.