The whole transactional funding business began when closing agents/attorneys stopped doing dry closings in response to the banking crisis and scrutiny on real estate investor flip deals.

Callum-If we're close to 50% debt to GDP right now, do you think 100% would force a currency crisis?

If anyone has caught the news lately, Puerto Rico is in the spotlight for both statehood, and it's economic crisis.  

It's interesting that you keep hearing "well, things are different" as if a crisis has to be caused by the same factors as the last one.  

Excluding major subprime mortgage crisis markets are always cyclical - peaks follow troughs and so on. 

I think we had a crash in 88-89 after the S&L crisis and we somehow managed to surpass those prices.    

Hello All, So, in the 4-horsemen discussion I discuss that if left unchecked, then the affordability crisis will be part of the reason, out of 4, for the collapse of the US economy if not the world economy.

The studies coming out are scary and point to a major health crisis down the road in my opinion. 

North-Easterners see it as a cheap retirement destination, while its existing natives are sick of the housing crisis and are looking to retire somewhere more affordable.

Home ownership fell to about 66% in 2011 - this 2.1% fall in home ownership caused the real estate crisis and crashed the economy.