Thank God we have the tax payers to take care of it.
FANNIE MAE and FREDDIE MAC are now doing all the subprime. Excuse me, almost all subprime lending.
The market was over supplied to provide homes for affirmative action fraud. Realtors are right in that if the loan fraud does not resume, we will be in a state of over supply.
For investors this means - get out of real estate. It will be a cycle of crashes.