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If he bought the SoCal home in the last 2 years he'll be underwater. If the SoCal home was bought 5+ years ago, he'll likely be OK. AZ real estate has stalled like Socal.

I don't fault OP for putting this up, it was a release. I agree this is only the tip of the iceberg to hit this particular industry and housing in general. When these guys are bailing out on land deals, you know it's BAD! The fact that it was occurring last year is also true, but, when has...

note the sarcasm... Sounds like there is great news out of the UBS-sponsored investor conference today... BOSTON (MarketWatch) -- Pulte Homes Inc. (PHM : pulte homes inc com News , chart, profile, more Last: 28.43-0.51-1.76% 2:32pm 11/09/2006 Delayed quote data Add to portfolio...

I've said it hundreds of time: To quote national housing as either in a bubble or not is plain crazy. Housing is a regional issue and not national. Nobody living in CA or FL cares what's happening in Salina, KS. No offense to Salina. Just as those in Salina don't generally care about...

I sold something on e-bay for $1200 Total fees from e-bay and paypal were in the $65 range, taking roughly 40% of my profit.

I don't know about that? My neighbor works for the largest furniture retail outlet in the area and they have 2-5 people a day come in trying to return furniture purchased in the last 12 months. Not the same people everyday either. Their 100% ARM/IO loan reset and basically butsed them out...

I got 3 knocks on the door and 7 kids total. One REALLY hot mom too...

I won't hit on the conspiracy theory, but, you think the new bankruptcy laws were passed to benefit all those over their heads in debt new home owners... Come on now!

Get ready to watch that number EXPLODE higher... my two cents There are hundreds of homes on the verge of default where I live.

That was a HARD hit by Martin in the Cup race. OUCH!!!

For those that think 40-50% drops are not going to happen. Here is an article form 1995 related to Southern California real Estate. http://www.dqnews.com/AA1995OFA06.shtm

Glad I could make you laugh. I was in a birthday mood and decided to share the Joy! JR comments were the best of all. Talking about how Vickers wasn't known for turning people. He was very matter of fact about it and knows that some of the "family" wins came the same way, whether...

I've been going with Matt Kenseth. Even though I wouldn't mind seeing Martin win it. Be funny if Martin won it with zero wins. I can hear the crying now. Burton is cool with me as well. Nailing me down ---- 17 As far as JJ goes, I'd pull for Osama, Hugo Chavez, Saddam, Charles...

And Cheater Chads' driver has run out of talent, wrecking more cars at Dega than the Bodine brother - COMBINED. In fact, he's the one that nailed Edwards from behind, turning him and helping to cause the wreck in turn 1 that took out Gordon. I wonder if ol Chad thought the same thing about...

It's about time!

I love watching a former OU Sooners play. Tommie Harris. Guy is an animal. Collinsworth hit the nail on the head. He plays every play like he going to potentially get cut.

Maria B. & hot Bimbo DO NOT BELONG IN THE SAME SENTENCE!

Dateline NBC does all those child sex/interent predator stings... all those guys get arrested and charged. Why not this loser? Hmmmmm

ROTFLMAO Not directed at you personally, but, I cracked up when I read that. The govt is the BIGGEST cooker of the books than ANY corporation in the US could aspire to be. The inflation numbers are SO understated, it's not even funny. The reason has already been explained... entitlement...

Wait a bit. Inventories are WAY upin this area. Lots of borrowers bit off more than they could chew. Here's an observation: I took my nephew to a sports practice the other day. I the parking lot were no less than THREE vehicles with signs proclaiming something to the effect of "Stop...