I began watching this whole mess play out in about 2004, and was aghast as prices continued to fly out of control. By the end of 2005, the housing fever was breaking and the "housing boom" was being seen for the bubble it was.

Now, to look at the chart of prices even for the so-far relatively insulated New York, there's no mistaking which direction prices are headed. Not only that, it's heading ever faster in that direction.

This "record" of 15.3% year over year drop won't stand very long. I'd be very surprised if we don't break it next month.

Rep's say bad homeowners to blame! Ron Paul has a plan I guess opps no they've already voted on the mother of all bail out plans while saying it's a bad plan won't work but we vote for it anyway. Umm where have I heard this before oh yeah the "WAR"

sorry for last posted added to wrong article