Thursday, April 30, 2009

Bubblepedia

This seems like a handy resource: Bubblepedia, for all those discouraged house hunters out there.

What I find fairly astonishing is that despite all the widely available information on the US subprime mortgage crisis and its effects on the global economy, the government, buyers, real estate agents, vendors and banks seem to be rushing at full speed ahead, intent on creating our own little subprime mortgage crisis right here before June 30th. Banks seem to be lending huge sums to people, almost regardless of their income or saving practices. This can't end well.

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