Over 1 million Americans seen losing homes in 2011

Quote from jem:

Debt slaves who are going to throw in the towel when they look at the graphs and it shows that prices have already dropped 5 to 10 percent since last august. (no one seems to know this, but it is true.)

Thats true but many here in so cal are at a 50 to 60 percent dti. They will not keep struggling much longer.
 
Quote from BSAM:

I'm surprised residential real estate has held up as well as it has.

In socal, the less than $1,000,000.00 category is propped up by Federal employees, State employees, County employees and City employees. Basically the only ones left with jobs.
 
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