Homebuyer History

I'm really big into any kind of history, so today I'd like to share an interesting piece of homebuyer history that I came across in a newspaper article. There are many homeowners out there who have had adjustable mortgage rates rise drastically, then having to resort to refinances to get them out of trouble. Well it so happens that in the early 20th century, Americans went through a similar sort of thing only with them it was the lump sum that they were expected to pay a few years into their loan. Of course they didn't have it so refinancing was their way out. That's my summary; here's the full article. My history professors always were big on applying history to our time and learning from it. So how to I apply this to us? Oh I don't know; to look on the bright side, maybe just by saying that people have experienced tough times before and lived to tell the tale, and so shall we.