It's like they're still allowed to call it "laissez faire" as long as they aren't bailing out the people who are losing their homes.
Somehow all the middlemen, realtors, mortgage brokers, appraisers and con artists have slithered away as entire nation has been sold grossly inflated real estate that they were told they would ONE DAY AFFORD.
Most of our homes are still intact in Canada as we have been less aggressive with unrealistic long term mortgage amortization periods. But our banks have suffered being tied so heavily to American paper. I think our time is coming though, we've mortgaged away an impossibly un-afforadable future for the next generation.
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Somehow all the middlemen, realtors, mortgage brokers, appraisers and con artists have slithered away as entire nation has been sold grossly inflated real estate that they were told they would ONE DAY AFFORD.
Most of our homes are still intact in Canada as we have been less aggressive with unrealistic long term mortgage amortization periods. But our banks have suffered being tied so heavily to American paper. I think our time is coming though, we've mortgaged away an impossibly un-afforadable future for the next generation.