Wednesday, August 29, 2007

Here is the disease...

  • Overvalued house prices;
  • Unrealistic price expectations;
  • First-time buyers priced out of the market;
  • Condo-flippers making bad investments;
  • Homeowners taking out home equity loans on inflated real estate valuations;
  • Low income families taking out inappropriate interest-only mortgages;
  • Fear and greed everywhere.

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