Thanks for posting that 60 Minutes clip, Milkman. I'm in South Florida now, and the real estate market is every bit as bad as suggested. Lots of empty condos, for sale signs in every neighborhood, and plenty of unfinished condo/townhouse developments sitting around.

Here is an interesting, almost funny example of another aspect of the meltdown:
Morgan Stanley’s Commercial Jingle Mail | The Big Picture
A fascinating twist on the underwater homeowner walking away fromt heir bad purchases: This time, its Morgan Stanley.