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RE: Peak Insanity – My phone call today with a mortgage broker.
What a great article. Reminds me of Nancy Pelosi's famous statement "We have to approve it (obama care) before we can read it!!!" We also had a similar experience when looking to buy a new van. The dealer said we had to negotiate the price and sign up before taking a test drive. They wanted to make sure we were serious! ARE YOU SERIOUS? we said. Needless to say, we bought from another dealer. We live in Canada and are seeing the same "housing bubble" here - already at the point of deflating. Your research is appreciated by this Steemer. Steem On. (Hope you'll give my new blog a check out). I'm now a follower.
Thank you for the feed back @sharingandcaring. The Australian and Canadian economies share similarities and certainly share housing pressures. You're right, the best thing to do is avoid embedding yourself in an obviously flawed situation. I'll certainly check out your blog and thanks again.