Allen, think the macro credit issues are what a lot of posters here still do not understand. I am in a very good position financially right now and the events in the past three weeks scare the hell out of me.
The candle is burning at boths as we speak and there are dimwits still coming to this site to ask about getting loans and buying overpriced property.
To all of those doubters who read this and think we are a bunch of loons. Good luck in the next 5 years suckers. Go buy a house right now and a 100%, no doc mortgage if you can still get it. Live it up now because you won’t be solvent in a few years.