Now. I. Get. It.

Foreclosures
Defaults
Subprimess
Auctions
Downturn
Lines of credit

This explains it ALL.

I didn't really understand how it happened. I'm not an economic expert or a realtor or a market hound. But now I get it. This week's story, "The Giant Pool of Money," on This American Life has it figured out.

You should listen to this. You really should.