Housing might never recover...thank God

There are signs that lenders are planning on never securitizing mortgages again, which would be in line with a general deflation of the sector a la media in the 16th and 21st century, food in the twentieth century, and textiles in 16th century.  UBS has given up on it entirely.  

Makes you wonder:  there was once a time when a text was tactile, was a  textile, literally.  And, of course, when the literal could be taken literally, as concrete and authoritative; and of course also a time or times when the author wielded authority, when he was a surety.  Surely these times are still now, and these things are still what they were, and not...but the materiality of their coding is not always understood...