[stainlessbanner]

bttt

[capitalist229]

The current downward spiral is highly deflationary making the debt even more unbearable.

These debt levels are uncharted territory. No precedent to give us guidance on how bad it could get.

You can bet that the Fed and the PPT are monitoring the situation very closely and there is no doubt that this Fed will sacrifice the dollar to save the consumer-led economy from any meltdown.

BUMP

[ex-Texan]

It is very hard to tell when some posters are lying. One poster claims there 'is no bargain hunting in CT.' The jerk just ignores the fact that median prices just crashed $ 24,000 throughout the state. They just stick their heads in the sand, clinch their teeth and lie.

[Southack]

"Neighbors in a new Garden Grove tract say a developer's plan to slash prices by about $140,000 has left them owing more for their homes than they're now worth."

...and they're applauding because their property taxes just got lowered with the fall in appraised value going down $140,000...lowering their monthly payments.

Nah...

[truth_seeker]

later

[WashingtonSource]

This sounds like a temporary price cutting to get rid of inventory. I'd wait until the spring and see if these price cuts hold up before upping the panic level.