Unless credit tightens so much that nobody can get loans I think the market will turn around when we hit the point of PITI equally market rent.

I agree with Blaine, I spend about $1000.00 on every listing before it ever hits the market.

Even if they decide to adjust assement values lower due to lowering price all they will have to do is bump that take rate a bit higher and still collect the same amount.I can't see the government take a big hit in the tax department.

Like someone else said, your credit is going to be hit anyways.

It is breaking news, so there is not a lot about it out there yet (you heard it here first on BP) - stay tuned and it will hit the mainstream.Until then, how is CBS as a credible source:Jittery Californians Buying Bullets And Safes Do your own Goggle research, do not just take it from me.

Even here in the Denver area, in hard hit areas, this could be 1000 houses.

All China has to do is hit the 'SELL' button and our country is toast without a single shot being fired!

It seemed like prices had hit rock bottom a couple years ago.

I could see it being a hit in apartment complexes.

Numerous people have hit that mark.