adjustable rate mortgages

What were we talking about? The housing bubble, of course...

Mr Hou$ing Bubble.jpg

The mantra of it will sell, it must sell, it is real estate and all real estate sells after all, seems to still be operative...... or is it?

Reality has started setting in, as the end of the great real estate bull market shifts the action from the frenzied streets, which are imperceptibly starting to empty, and as the dreaded and dismissed bubble word becomes a topic at dinner parties, like it or not, dinner parties thrown by the paper millionaires who have prospered, some fear now mingling with self-congratulations, the dismissals of any failure of the new pricing paradigm of recent springs gone by not... quite... so convincing.

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