Alex, I believe there are still buyers who cannot afford a house but still want to buy one so that they have to use these “so-called” strategies. I don’t blame the buyers. It is the market that pushes them to do that. What I do not understand is why the lenders or whatever they are that have money to lend can still do these tricks. I thought they have already tighten the lending rules. If the Fed or the government does not implement laws but to use guidelines (which have no power) to tighten lending. This will continue to happen. It is the government who does the lousy job to begin with to induce this housing bubble, they are still doing the lousy job. They either don’t want to face the reality or they are afraid to deal with that directly.
