Everyone is sitting out the market because they think they can get people's properties for nothing. Well I doubt it will sink much lower. Banks are sitting on real estate to wait out the market since they are no longer so desperate. Regular people are also no willing to take losses, so they are waiting it out to.
There are deals out there, but you have to compete with the speculators, and they have cash. So good luck with that.
Cap & trade is another propaganda campaign to scare people into doing nothing about the environment. It'll probably work. But the reality is that we have a mix of energy sources, so there won't be a catastrophic rise in energy prices. Actually, when the rules are finally set, you'll see businesses be able to actually forecast their revenues and costs. Right now it's anyone's guess - without knowing what the rules are, everyone sits tight and doesn't invest.
If cap & trade goes thru, there will be investment in alternative and cleaner technologies. We'll all benefit in jobs creation and may not destroy life on earth in the process.
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