It's happening right before your very eyes, and will continue to happen until the real estate bubble either fizzles or pops.
The bald-face deception?
Agreed.
>>It's happening right before your very eyes, and will continue to happen until the real estate bubble either fizzles or pops.<<
It's fizzling now. The only question that remains is will this be like a break in an earthen dam, where the whole thing comes down, or will it be more like a few drilled holes in a concrete dam.
We'll know in a few months.
This article was right, but premature as so many of us have been. And there is a reason.
Who knew just how creative lenders could be to keep finding "qualified buyers" to inject in the market to keep demand up. But even that has run it's course. The rocket has run out of fuel at an extreme altitude and, I fear, there are no wings to "glide" back to earth. It will be a rather hard landing.
Of course, the rocket has hit the top of it's trajectory and is just sort of suspended there as it slowly begins it's freefall.
Stay tuned for trajectory updates.