That's not to say that those areas are immune from herd desertion (read: depreciation) if and when the overall economy collapses.

As we entered the fourth quarter of 2008 our financial system teetered on the edge of collapse, and the banking industry's ability to raise capital in the face of mounting loan and investment losses became impossibly difficult.

However, as the economy collapses (an absolute certainty), times will become more desperate and the government will take more radical action.

The US IS headed towards a horrible collapse.

If this world was actually on the very edge of financial collapse a little over a year ago, and was propped up by flooding cash into the financial institutions, there's no way we solved that problem.

Just because home prices collapsed doesn't mean we have negative economic growth.

I detailed, including with timeline, a VOLUME collapse BUT forces that would hold UP median home sale prices, seemingly impossibly holding them up.

It does have a collapsing foundation and been vacant for several years so I can see why they  chose to fire sale it.

What if the lawn chair collapses?

People that got burned in the collapse were high on optimistic opium.