This video was very informative, and it helped to further put things in perspective for me. It really makes this whole fiasco sound so dirty. I would agree that the house of cards is about to fall. I don’t see how raising the limits for conforming home loans is going to do much of anything.
As I said before, most people are going to do what’s in their own best interests, signed contracts notwithstanding. That would be walking away from a house that they owe more than the value on for the next decade at least.
