Raven

I'm sure there are certain areas that won't feel the pain, although, if I remember correctly, in the 80's...the Japanese got caught badly and had trouble unloading their bloated real estate in New York and other metropolitan cities.

Disturbingly, KRL, I listened to a news report on incomes in my area....that have dropped by something like 21% since 2001. With the mean average of home prices here around 290-400,000, I don't see how anyone can afford a new home.

Plus, the creative loans are just scams.....nothing down..interest only....arms that blow up in your face as prices drop....

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