I fear is that it is not a gradual process of converting the economy into something viable and sustainable.

It is definitely out of control for some time... It looks like we are rushing into another RE bubble that will imminently happen... It's just a question of when...

Ps- One of the happiest days for me was the one I paid my last mortgage receipt for my house.

I hope I will live that day too... The first step is to get a mortgage and not throw money through the window by paying rent to someone else...