"*Anarcissie*" wrote in message...

The Dangerous Disconnect Between Home Prices and Fundamentals

In some states, 60% or more of recently sold properties are owned by
speculators who borrowed money at low (adjustable) rates, expecting to 'make
a killing' when they flipped the property. Can you say "Dutch Tulips" or
"Dot Com Boom"?

The owners and their lenders are now getting a rude awakening to the
realities of market pricing.....