The Subprime Survival Guidehttp://www.fool.com/personal-finance/home/2007/04/19/the-subprime-survival-guide.aspx Joseph Khattab
April 19, 2007
After overindulging on cheap money and inflated home prices, the U.S. is suffering from a housing hangover. When we woke up bleary-eyed and disoriented in February 2007, the rockin' three-year party was clearly over. Foreclosures were on the rise, subprime lenders were going bankrupt, and housing stocks were down.
Now, chewing on Advil and nursing that hangover, we're thinking only three things:
1. What the heck happened?
2. When is it going to get better?