Check out this graph

US home sales fell to a record low in May. The graph at the end of this article may be all you need to understand the magnitude of the crisis. When do you think we will see a significant improvement in the economy and the housing market...1 year, 2 years, 5 years, 10 years?

Who is the Victim?

I wasn't sure how to react after reading this article, but I would be interested in your opinion.

Published in the NY Times, author is David Streitfeld
Owners Stop Paying Mortgages, and Stop Fretting