[EVO X]

For the greater majority of people who simply bought a home to live in, their will be little effect on the economy over all.

I live deep in the heart of flyover country. We had a feeding frenzy about 18 months ago. It lasted maybe 6 months at most and then nothing appeared to be moving for the next year. Homes sales seem to be moving again. At least the ones that people can afford and are fairly priced.

[Eagles Talon IV]

The key is pricing. It is not necessary to give property away and few do so unless they are desperate. Very few people fall into that category. Sellers simply remove the home from the market if they cannot get a fair price.