I just finished reading this Wall Street Journal article on four possible scenarios that could arise from the current financial crisis. It's food for thought on a Friday.
It's still amazing me sometimes that a real estate blog can now range so deep into the economic and financial arena - but we all know why.
This all started with housing in places like Sacramento - where people took on more than they could handle or were pushed into bad loans. The defaults that began in 2006 became foreclosures and a subprime credit crisis in 2007 and now, full tilt nerve wracking Wall Street drama in 2008.
The scenarios outline in the story: