[. . .]
Desperate sellers lower prices. They need that money, and they are afraid prices will go even lower in a hurry. So they'll make deals to sell their property. Others will see that the ones holding out for any decent price are losing their shirts, and lower their prices even faster.
Do you see where this goes? It's called a "panic."
[. . .]
The housing bubble is about to burst, gas prices are at an all time high and going higher daily, and the Iraq situation is going from bad to worse. Ya think the economy is far behind? As the article Dave linked to says:
. . .
This is a story from the Great Depression ... except it is happening right now in Dayton, Ohio.
. . .
Again it's Ohio. A new state slogan: "Fuck us dry and we keep coming back for more."
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