A couple of weeks ago, I wrote about how often I'm asked by people who understand the evils of misused subprime loans to do loans that were made possible only by the loose lending guidelines of the subprime era! The irony of it is a little crazy-making, so I took the opportunity to vent. (Thanks, readers!)

In all fairness, though, what I'm actually seeing more often among homebuyers and sellers these days is the opposite -- people who have learned from their mistakes (and others' mistakes) and are trying hard to apply the wisdom from them in the course of their post-bubble-burst real estate decision-making. Sometimes they take it too far, but many of the buyers and sellers who are active in today's market are working hard not to repeat the errors of the immediate past era.  more...