Verry good article. It could happen here folks. I'll never understand why people in Atlantic Canada consider buying a home an investment when there is one glaring fact around the corner: the baby boom will soon retire and there is no/little immigration to replace it.
From The New York Times:
My Personal Credit Crisis
How love, subprime lenders and willful self-delusion led one man, an economics reporter, to the brink of foreclosure....
http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html
Get The New York Times on your iPhone for free by visiting http://nytimes.com/iphoneinstaller
My Personal Credit Crisis
How love, subprime lenders and willful self-delusion led one man, an economics reporter, to the brink of foreclosure....
http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html
Get The New York Times on your iPhone for free by visiting http://nytimes.com/iphoneinstaller
Envoyé depuis mon iPhone / Sent from my iPhone.
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