Monday, December 12, 2005

Didn't Pay Your Mortgage? Don't Worry.: "The housing boom is being fueled by the willingness of lenders to let borrowers get behind—and stay behind—on their payments. Homeowners go deeper and deeper in debt and become less and less home 'owners,' but they get to keep the roof over their heads." —Slate

OK, I know I said I was swearing off my cynical side and would remain strictly irrationally exuberant. But this is kinda scary.