expect a rather large plummet in state GDP. sorry to all the low skill workers as those jobs will disappear. best to move ahead of the law.

LIC property values plummeted overnight.

What if the day after closing rates plummet?

Thought this might be useful here as well: http://www.biggerpockets.com/blogs/2923/blog_posts/40555-notice-of-defaults-nods-are-on-the-rise-in-vegas-but-the-good-newsNOD's still down 80% from 2009's highs.Back in 2009 we had closer to 5,000 NOD's a month filed.Since AB284 was changed in 2011 the NOD's plummeted as a side affect of them trying to curb the robo-signing fiasco.

In 2008 understanding the underlying value of the REIT in my stock portfolio that plummeted 95% to $3 and triple downing my available cash into that REIT.

That would be like a McDonald's franchisee saying they're not going to build another restaurant just in case they have 3 freak months with revenue plummeting.

As the property's condition deteriorates, it's value plummets.

Majority of the homeowners in my town are paying way more in taxes than what their property is worth (many of the businesses have moved out, the school system is plummeting, and crime is increasing slowly).

If you continue down the same path everyone else is following right now, you to will plummet off the cliff and may end up working until you die (99%).

Prices in our area did not plummet as in some others, so I'm not sure how the current owner could be so far underwater.