why the subprime mess sucks

At the core of that problem is poor people, or let's say peole with spotty credit histories, being lured to take mortgages that they should have been advised against. unable to meeet rising equated instalments, many (1.8 to 2 million, Fortune says) may just have to just let go of their only shelter. What is the world coming to? Is the Indian realty space headed for a similar setback? Sit tight, and hope not!