IS THE US HOUSING MESS HEADED OUR WAY?
January 31st, 2008Globe & Mail, January 19, 2008
When Sam Robertson took out a second mortgage on his home in suburban Cleveland three years ago, he couldn't believe how easy it was. The interest rate seemed low, the approval process was quick and soon he had a $61,000 (U.S.) loan, backed by a house worth about $100,000.
Then Mr. Robertson, 55, lost his job at a plastic-bag company. He found temporary work, b ...

