Same for renters, though the War Street Journal doesn't see it that way. Want a lower price, as in the rest of capitalism? Then, according to the commie lingo of the neocon daily, you are a "vulture":

"Vulture buyers have started to circle, hoping to take advantage of foreclosed properties that banks may start dumping at fire-sale prices. Also, some condos are being converted to rental units, increasing supply for renters and putting downward pressure on prices." (Thanks to Tom Lombardi.)