Here’s why the housing recovery is bogus according to MarketWatch: While it’s true that housing appears to be a great investment, it’s only a good investment for a select few — namely, those with access to ample credit and those who aren’t tied down to expensive housing purchases made in the years before the financial crisis.

Consider a report issued Monday by Lender Processing Services. LPS found that, although delinquent mortgages declined 15% this year, they are still running at 6.08% of all outstanding mortgages — about 1.5 times the rate from 1995 to 2005.

Read the rull article by MarketWatch by clicking here.