[LearsFool]

Which would only be a problem if they had a reason to sell soon... otherwise, it makes ZERO difference.

Good point! I always figured people bought homes to live in them. Surely they can't have become so much less livable in so short a time.

For those who bought homes merely to sell them in a few years and make a profit, well that's a different story altogether. I haven't a drop of sympathy for SPECULATORS. The music stopped and you couldn't find a chair? Here's a dime. Call someone who cares.

[Oatka]

Which would only be a problem if they had a reason to sell soon... otherwise, it makes ZERO difference.

Normally that would be true, but in this economy, whether you put down 1% or 20%, once you lose your job, you are immediately "underwater". Those who bought only as a home to live in, overpriced or not, and are in this position have my deepest sympathy. Sadly, the situation is not going to improve. I said it before, but it is wort repeating, the 1930s are going to be looked upon as the Golden Years.