Restoring the housing market 
Perspective: The real estate rule of law
By Bradley Inman, Monday, July 14, 2008.
At the peak of the housing boom in 2005, my pal Mitch asked me, "Does someone truly own a house when they put nothing down?"
His question gets at the core problem with the U.S. housing market: a disregard for the rule of law. Fundamental rules of real estate have been dismissed, such as requirements around good credit, full disclosure, transparency, a meaningful down payment, rational fees, common-sense loans and personal responsibility.
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