24-Year-Old Mortgage Mogul Goes Bust

People talk about a soft landing in the housing bubble, but have they considered how speculative the housing markets are, and how reckless the lenders have been? Hold on to your hats! Here's a story about a 24 year old guy who easily borrowed far more than he ever should have been allowed -- and -- go figure -- he's now belly up and blogging about it.

Technorati: blogs bubble bust crash default economy finance foreclosure housing inflation investing video youtube