Regular readers of this blog have long known most of the material in the article linked below. But regular readers also know that I’ve long predicted a second massive housing bubble, this one larger than the one in 2009, this one directed squarely at the 63 million homes controlled by Homeowners Associations.
As you read the article below, keep in mind that most of these 63 million homeowners have loans backed by the now bankrupt Fannie Mae, Freddy Mac along with the FHA and various other agencies connected with the federal government.
You still want to move into a Homeowners Association?
(link to story from Naked Capitalism)
