The property bubble in the desert emirate, home to the world’s tallest building, most expensive hotel suite and largest manmade islands, is bursting as scarce credit and slumping oil prices have international investors scurrying to dump assets.

We are currently the largest Retail REO Brokerage in San Diego County with over 660 residential REO Listings.

When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets.U.S. prosecutors charged Madoff, 70, with a single count of securities fraud.

I think you'll need someone that just hit the worlds' largest Lotto to be willing to do that.

We do foreclosures and REOs almost exclusively, and are the largest such company in the state.

The Motley Fool, for example, is a free site--the largest on the Internet--effectively moderated, by the way, that tried to charge for board participation.

So I think with what todays investors learned from the past will force them to analyze markets much more and continue to hedge their largest bets on real estate as opposed to stock.

The higher class neighborhoods will start to see a substantial drop and more foreclosures start to hit the market.By the summer we will see commercial real estate drop in a huge way.In my opinion the severity of the commercial & jumbo loan market collapse, how it is percieved and handled will be the single largest factor in determing how soon we see the "intrisic values".Either way we look at it I think we are all in agreement that times are going to get far worse before any lasting forward progress is made.This is the best damn site!

Nc Mark,I have a friend that does data analysis for the prison system here in California.Recidivism rate is 80-90 % depending on who you ask.70k per inmate PLUS medical costs, (this information is a few years old) in a system where hepatitis.AIDS and TB are rampant.90 some percent of people in prison in California at least, are there for drug related crimes with the attendant drain on court systems, social services etc. tTe cost is staggering and has absolutely no effect on the use of drugs.The largest cash crop in California is green and smells like skunks but it is completely untaxed.

For a buy and hold investor, areas around large, stable military bases is almost a license to print money.