Free cash flow very negative and huge borrowing occurred during the best of times. What happens now that you have a buyers strike and both existing and new home inventory build and build. At the same time margins are squeezed due to skyrocketing costs of construction and prices in bubble markets already down 10% from the highs last year.. No spring buyers season from my first hand observations in Florida. We should be at the height of teh buying season here now and nothing is moving including my home I live in which hasn't even had a showing now in over two weeks. Realtors and stuck speculators juggling empty cash draining property now in panic mode.