Don't Make These Painful Real-Estate Mistakes (Again)

It’s déjà vu all over again.

That’s all I could think when I read theBloombergstory “Americans Gambling on Rates With Most ARMs Since 2008? earlier this week.

The gist of the piece?

Thanks to the same reckless Federal Reserve policies that inflated the first housing bubble, the recent surge in fixed-mortgage rates and egged on by a financial industry willing to sell people all kinds of financial poison to pad its profits, Americans are once again taking out adjustable-rate mortgages, or ARMs, in droves.

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POSTED July 26 2013 12:03 PM

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