[Erik Latranyi]

And that’s whats doing it now...Compounded by the fact that nearly everything people buy, just keeps going up in price incrementally.

Just think about it.

If you are unemployed, you get benefits, but those will not pay the mortgage. You might have savings, but that gets exhausted after a few months.

Most recessions don't last long enough to impact housing this hard. This recession started with housing and continues to pummel it over and over again, making recovery very, very difficult.

Unless you believe in massive, deep, tax cuts to put real money in people's pockets....then unemployment will stop, the economy will grow and housing will stabilize.....it will still take about 2 years to work itself out, but it is the ONLY solution.

President Obama and the liberals are doing NOTHING to help matters. They are focused on liberal issues like healthcare, global warming, unions, etc. Even the side-effects of their agenda pursuit (like the GM/Chrysler bailout/bankruptcy) create more instability in the markets.

And that is looking at Obama's policies in the nicest way!

[dragnet2]

If you are unemployed, you get benefits, but those will not pay the mortgage. You might have savings, but that gets exhausted after a few months.

You bet...

In this environment, if ya have mortgage, car payments, family, etc, and lose your job...Your done.

Regardless of unemployment benefits.

[Richard Kimball]

Yeah, my photography business is going well, and I was thinking about getting a studio this fall, but with credit tightening, I'm keeping expenses at a minimum and just doing on site work.