How Big is the Foreclosure Crisis?

Nothing excites the news media more than a big fat crisis. So I was surprised to read an actual honest analysis of the recent foreclosure data. If you follow the news regularly you'll probably be shocked to learn that most people are NOT, in fact, losing their homes. It's true no one is over the moon about their house's appreciation rate over the past year or two like they were in the good ol' days, but still.

This is not to minimize the stress and trauma of those who are struggling, only to point out that the collapse of western civilization is not necessarily at hand. We are in a down cycle -- it happens. It will turn around eventually.

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