The way we talk about real estate has changed dramatically in the last few years as the collective sentiment has shifted from euphoria to panic. No one would dare to say "the only way is up" or "the easy money is in flipping" anymore. Here are a few other phrases that once seemed just as true: "Location doesn't matter." "You don't need a down payment." "You can refinance before your rate goes up." "Just get a home-equity loan."