Anyone, and I mean, anyone who would now describe the U.S. housing market as beaming rays of sunshine is a delusional idiot.
This USA article really hits home what is, and what will be destroying the financial well-being of millions of everyday, middle-class homedebtor Americans in the coming 2 to 3 years.
The financial ineptness and illiteracy of the American homedebtor.
The rampant, anything-goes, sales strategy and tactics of American mortgage lenders.
The insidious actions of American home realtors, most completely lacking business ethics and experience, greasing the palms of mortgage lenders and home assessors, and using duplicitous promotional tactics with homesellers and homebuyers alike to earn that 6% - at all costs.
It's all being exposed before our very eyes.
There will be Congressional hearings.
It's only a matter of time.
All of these horror stories will be told.