Ridgerunner: Not surprised. Not sure what the answer is because many factors contributed to this but nobody can afford what's out there today.

HechoAmano: I have a buddy who's looking at new houses, and he's had at least one builder knock off $30-50k.

HechoAmano: I wonder what it feels like to be upside down in a house? Don't ever wanna know.

Fleedle: A buddy of mine bought his place for $235k in 2006. (I told him not to) and it dropped to $125k or so. Total mess. He is now, 17 years later no longer upside down.