"'If you are paying the negative amortization amount, you are looking at a small light at the end of a tunnel,' Smith said. 'It's connected to a locomotive that is going to smack you in the face.'"
"'Didn't you read the newspapers? Property values are going down!'"
I love this blog. A nice quick daily overview of the overall, ground level state of the real estate market, from all over the world (but obviously with a US bent).
Until next time...which shouldn't be too long from now...