[ex-Texan]

When properties are selling below the 'previous market' value (as established by a formal real estate appraisal), you would be wise to move very carefully.

To lop off 30% at the outset of a very protracted decline in housing this early indicates more reductions are coming.

Enough of this debate that is going nowhere fast. I'm off salmon fishing. Bye Bye.

[M. Espinola]

A little news for those which said and still say 'the subprime loan thing is nothing to be concerned about' :)

Asian stocks plunge on credit fears; Bank of Japan injects cash into money markets

TREASURER Peter Costello urged investors not to panic today after the stock market recorded its biggest one-day fall in six years.

Fears of global liquidity crisis grip markets

Smile, you should have had put options in place, but there's still time, very little, but enough if one acts quickly.