Subprime has been a buzz word for what seems like forever in the mortgage industry; well, its really only been about three years, but with as much mortgage news coverage as there has been on it, it does seem like forever.? I have started to hear that some analysts are predicting that the “subprime” part of the mortgage crisis is over.? Well, that may very well be the fact, but I think the overall subprime mortgage crisis will resonate for years!

I sure hope it helps America to realize that we should not attempt to buy everything we want rather than what we need.? The idea that everyone should own a home is just ludicrous.? Not only own a home, but an extremely nice home.? I think that this financial disaster we are going through will make sure this does not happen again.