“None is so blind as he who will not see.”

I'm sorry but mortgages are getting scary. Interest only loans are accounting for a disproportionate amount of the new mortgages sold. I just picture yuppies buying a house with an interest only mortgage to keep up with the Jones', and after 3 years finding themselves upside down in their mortgage.

I feel like there is going to be a rise in bankruptcy as a result of super-size house with no equity built up. And the pessimist in me doubts their repercussions will be severe.

I liken it to a yuppie version of "payday loans." The new millenniums version of a loan-shark.