It took me a few moments to grasp that.

So housing bubble collapse creating pain. Reminds me of when I was in NY at the end of the 80s RE boom there and the sad bastards trying to rent out at 20% above market to cover carrying cost.

It might have been You'd Be Home Already, come to think of it, will fix.

getting tired of Christian Debt Removal spam here. What happened to the Breaking! Stock Alert! ones. Can anyone stateside tell me how this housing bubble is bursting across the country? I assume it's worst on the coasts. But what do I know.

in the pacific northwest and texas, there isn't much of a bubble to burst.

That would be Oregon and Washington?

yup. not very many sub-primes were given out. the markets are fundamentally sound but a little over-priced. it looks like we're going to see some of the froth taken off the top and a momentary stagnation of home prices but the real worth of houses isn't going anywhere. although, it does look like new home construction is going to take a decent hit. seems that the carrying capacity for new homes is reaching its end-point.

now these guys are not too optimistic. Still haven't quite understood how hedge funds have ridden the housing bubbles, but am starting to get the hang of things. That's what I get for hanging out here.

My poor brother-in-law is a subprime mortgage officer for a big-name lender in the Midwest, and his volume is down by more than half the norm...and he's the biggest seller in his office. The other guys are even more screwed, and most of their pay is commission-based. He is not a happy camper at the moment.