subject: The Foreclosure Crisis is Not Near its End [print this page] The tone of the pep talk was reminiscent of the bubble days when people were similarly lured into buying houses. The idea was being dinned in that the fall is just the beginning of the rise and hence this is the best time to invest in property. Even Countrywide that had to be rescued by Bank of America is singing the same song. But as soon as the auction begins it becomes clear that the old magic was not working anymore.
