cracks in the real estate plaster

I was talking to a Man this morning who moved his family down here 6 years ago.
At some point we started talking about real estate like everyone does around here and I could tell the cookie still has a ways to crumble.
In his case, he largely blames the real estate agents for the market as they should have kept prices down....
He has lost some money and I am sure that's part of the pain.

There are a lot of people out there that have put 20% down on a condo and are now dreading the call from the developer asking them when they can close on their property...... because......
THEY...DON'T ... HAVE...THE... MONEY..... TO.... CLOSE.