the foobar zone

Like most of the rest of the country, I'm going to admit to having some pretty serious levels of scorn for the housing economics pundits - ok, so it's shooting fish in a barrel. I know.  But listening to all this trash on the airwaves about a slowdown here, and deterioration in market conditions there just makes my eyes roll. 

It's not a slowdown, or a deterioration or any other euphemism. It's collapse: complete and total collapse.