[Justa]

"And when I mentioned that this will primarily affect the poor, they said perhaps initially but that no one's home is really safe now, although they admitted that those with money have the means to make a bigger stink."

Well I'm glad to see at least they 'get it'. What happens in the coming weeks and months to the stock market, housing market and economy will show a lot more people understand what's afoot. No private property = no private enterprise. Why be invested in an economy without a future?

Imo this ruling was planned and anticipated. I know of some property holders who went to cash recently. There's also Warren Buffet's recent statement (paraphrased) saying there would be great opportunities for what people can do with their money in America in the coming months.

[sergeantdave]

This could burst the real estate bubble in a number of places. Why invest hundreds of thousands in a house - and in the case of small business millions - when the government can come along and seize it.

If this decision causes a recession or real estate collapse, we know whose fingerprints are all over it.

[oblomov]

This ruling pricked the housing bubble where it exists. And I would venture to say that it will depress residential property values even where that has not been a bubble.