Seeking Alpha Seeking Alpha Portfolio App for iPad  The typical
essay I write in these pages is 700-1,500 words or so. Today’s
essay will be setting an all time record because my first 1,000
words are the following:  The above picture illustrates the
monthly mortgage rate resets for mortgages in the US. If you’re
unfamiliar with a mortgage rate reset, it’s essentially when the
rate of interest charged on the loan you take out to buy a house
becomes acquainted with “reality.”  You see, in order to get a
housing bubble of the magnitude we saw in the US, you need to
make it so that more people buy homes than ever before.
Historically, the US has maintained homeownership levels in the
mid-60’s percentile”: in 1960, roughly 62% of Americans owned a
home… the number then hovered around 64% for most of the ‘80s
and ‘90s.  Now, a 64% homeownership rate is not going to get you
to bubble-status in the housing market. In order to get more and
more people to buy homes, you need to make housing more
“affordable.” However,