What is amazing is that this was three and a half years ago, and pretty much the same trends are playing out. The Fed, deficit spenders, and RE schills are still trying to goose the market, and the renters and taxpayers are still getting the shaft.
Time to call out all the 2007 optimists, be they politicians, economists, lenders, and RE industry insiders, and hang their awful record in a sign around their necks. A conscientious mainstream meadia would do exactly this; instead we have learned to trust sites like this.
