Although declining home values could equal a tax break by reducing the assessed value, the fact that appraisals often lag behind market conditions could leave some homeowners out in the cold. The Wall Street Journal provides some tips for homeowners to ensure that they are being fairly taxed on their property. For that story and more, check out Big Builder's bi-weekly roundup of the latest in opinion and commentary across the Web.
As the downturn drags on, Seeking Alpha provides a ray of sunshine; it seems Legg Mason's Bill Miller maintains some optimism for the housing market, believing that the credit panic ended with the collapse of Bear Stearns and that the worst is--for the most part--behind us.
Dr. Housing Bubble diagnoses the underlying disease that presents the all-too-common symptom of falling willingly into foreclosure: evaporating equity.
Reggie Middleton's Boom Bust takes on the current asset securitization crisis, drawing parallels to the S&L crisis of the 1980s and 1990s.