As I was drifting off to sleep last night, it occured to me that this real estate market (at least, the participants) has a lot of characteristics of The Undead, or a Zombie.
Dictionary.com Unabridged (v 1.1)(definitions from dictionary.com)
–noun 1. (in voodoo) a. the body of a dead person given the semblance of life, but mute and will-less, by a supernatural force, usually for some evil purpose.
A company that remains in business even though it is technically bankrupt and almost surely headed for the graveyard.
n. [Unix] A process that has died but has not yet relinquished its process table slot (because the parent process hasn't executed a `wait(2)' for it yet).
It just won't die, and it cannot be stopped.