Posted by ohwoo on Wednesday, September 16, 2009 at 12:53am.
Your sentence is a very good and concise summary of the economic mess we are in.
"Too much house" is a quite acceptable slang expression (idiom) in this case. "Grammarly" is not a word, however. "Too much house" refers to buying a larger, more expensive house than one can afford. A few real estate speculators and "flippers" also bought too many houses, but they are the minority.
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