The U.S. Housing Finance System Needs Replacing
May 2nd, 2008 | By Martin Hutchinson | Category: Real Estate InvestmentsIn much of the discussion about the collapse of the U.S. housing market, commentators have assumed that the massive run-up in property prices that preceded the subprime-mortgage meltdown were simply the result of a speculative frenzy that became a full-fledged market bubble.