This is for all of you who think Real Estate is a good investment. . .

July 26 2010: Extend and Pretend: The Russian doll version
Down the line, however, they would have to pay people to buy homes and take out mortgage loans if they wish to keep the system running. And since they're not going to do that, the system is doomed. 


There is, however, no solution available. Period. Simple as that. The government has dug itself into a hole when it comes to mortgages and mortgage-based securities that it cannot find a way out of. 

When the last doll is lifted, there will, for the vast majority of the population, be nothing left. At all. That is, except for the tens of trillions in debt. That will remain.
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