2010 is predicted date for housing recovery

2012...........2010-2011 is when ARMs and Alt As peak at 40.5 Billion in resets per MONTH. The banks, if they survive that long, will get the big write downs in 10-11. That will futher pummel the economy. These writers need to do more research than a middle schooler level, check credit suisse reset charts before making bogus statements.

one thing good that will come out of it will be the elimination of dishonest RE agents and mortgage brokers. We almost sued a cousin who had a relative move to Florida insisting his house was sold. It wasnt and they had to live in a motel for 5 months waiting. It seems that the cousin decided not to market the property properly and try to get double commision on the sale. It cost them over $6,000 in extra expenses. Dont hire family. I look at RE agents the same as used car salesman and "doctors"