Do you own a home or investment property or do you want to own one.  This information is very valuable.  "Those who do not know history are doomed to repeat it".  Thomas Sowell, senior Hoover fellow and author of The Housing Boom and Bust, cites Congressman Barney Frank, former President George W. Bush, and Allan Greenspan for the housing bust.

This post is not meant to be political although it deals with politics given the people in charge of setting standards in the mortgage industry. You can find the complete 34 min interview at FORA.tv It's a great web site as you can select the chapter of the video you want to see. Below I have included their YouTube video which gives a fair overview but clicking on the full video link above is well worth it.  I personal have learned a tremendouse amount about econimcs from Thomos Sowell and I respect his opinion.