[Kenton]

Neighbors in a new Garden Grove tract say a developer's plan to slash prices by about $140,000 has left them owing more for their homes than they're now worth.

Just ouch!

[GodGunsGuts]

Exactly. And it will turn into more than just an "ouch" as this thing spreads. I feel sorry for all those people who rushed to buy because this "could be our last chance to buy" at low interest rates. They forgot about the other side of the equation.