Lenders Haven't Learned Their Lesson

``Mr Strobeck says he hopes lenders have learned the hard lessons of the recent bust. They have NOT. Lenders are still telling appraisers they have to appraise houses at requested values, when there is no objective support from market data. This is a continuation of lenders' appraisal policies from before and during the build up to the crash... It is NOT a time to buy a house. It is a time to rent, Sharon. Keep your cash for at least a couple more years. You may want to follow Glenn Beck's advice and buy gold instead of another house.''