sdduuuuuuude (did I get the number of u’s right 🙂 – I agree with everything you said!

Please explain about “Cash is King”. After prices plunge by 50%, do you really think that credit markets will be tighter, so you need cash or a large downpayment to buy? Will this be a result of the failing banks, despite the Fed printing more money? Will the MBS market have shriveled up, as investors lost money in it? My husband wants to put the money from our house sale into the retirement fund or kids’ college fund, but I insist we need to keep it liquid, ready to put into another house. It’s not that I need to be right (really…), but am I? 🙂