So-called sub-prime lending is collapsing, which means the end of no-doc and 100% financing. And that means that most of the speculators are out of the market. Well, actually, they're still quite in the market trying to sell they're over priced houses. Good luck with that.
Very good points. What effect do you believe would happen on the current housing market situation if there is a doubling of energy prices, which could happen contingent on the unstable actions of Iran's ruling Islamic tyrants?