I don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.
