Kath H.

Lehman/AIG To Push Manhattan Residential Prices Down [Housing Tracker]

"In Southern California, ... Credit Suisse: Housing prices are still high relative to income levels, and will probably decline for another 12-18 months."

How true. Only drug dealers can afford housing in California. Reporters state that empty houses are becoming crack houses in the inner cities. Perhaps they were always crack house and only the crack dealers could keep up their mortgage payments!