"There is a bubble in the housing market, and the decline is going to be larger than most people expect."
That, my friends, is "A Problem". And it is playing out already, as new reports in September '07 by the Mortgage Bankers Association, and TOFKAOOATT (National Association of Realtors – "The Organization Formerly Known As Overly-Optimistic All The Time") underscore the record pace of increasing foreclosures, and the growing price decline in the housing markets!
