Never in the history of the US housing market have homeowners been in such a pickle. As you can tell by these charts, delinquencies and foreclosures are at unprecedented levels due to the wave of sub-prime ARM resets that began last year and will continue through to the end of 2008. These charts scream "troubled waters ahead for years to come" since experts believe the effects of these mortgage resets will reverberate through the housing market for about 3 years before the ship rights itself.

To make matters even worse, Option ARMs have already begun to reset in the ALT-A and Prime arenas. As you can see by the second chart, these resets will continue through 2012. How can the housing market possibly cope with this oncoming freight train of a disaster? Astute folks like Puplava know full well that prices have a long way to fall for years to come. The disastrous housing market will be largely responsible for the coming crash of the US economy & the Greenback as politicians hyperinflate their way through this mess. All one needs to know to navigate through this mess is basic economics - "as goes housing, so goes the economy." It's unavoidable. Too bad most people will fail to protect themselves with Gold & Silver.