There were a ton of new regulations in the name of "consumer protection" that exacerbated the lending issues, and made it take much longer than it should have.Lenders may not be as aggressive as they were a few months ago, but if you have a good project and a decent borrower, you can still get your deals done today. 

@William Howley - I believe that after 3 months, the consumer has multiple options to pay off the 3 months mortgage amount - they can make installment payments in the next one or two years, or extend the loan term for 3 months or refinance the loan if that makes sense.

@David AbbateDavid,My statement of the economy and asset prices is a critique of Capitalism’s current short comings.For example the 30 Million Americans unemployed are not being reflected by the prices of the DOW/SP500.You’re welcome to be confrontational if you wish but my post was asking about material you’ve consumed that have shaped your education.

I’m getting closer to taking action each day (paying down consumer debts and student loans to free up cash).

I’ve taken the deep dive into REI about a month and have been consumed with information ever since.

I’ve taken the deep dive into REI about a month and have been consumed with information ever since.

Incredibly time consuming.

We are not too from June so it might be worth pulling out the next worse scenario which is small business bankruptcies, continued high unemployment, huge damage to local and state funds and thereby cuts in basic services, fall in consumer demand and then a cascade that impacts other businesses and eventually rolls into the housing market in the form of foreclosures.

Instead of consuming information/data by the masses, I guess I am trying to figure out how best to filter out the noise.

It all started with rich dad poor dad, since then I’ve consumed numerous hours of BiggerPockets Podcast & Get Rich Education.