On 10/15/2011 6:47 PM, Don Kirkman wrote:
On Mon, 10 Oct 2011 23:04:46 -0700, John
wrote:

The rest of what you had to say, bad decisions, paying too much for a
home, etc. ... well ya', that is covered in "Life 101." If you missed
that class, problems will keep arising until you do take that class! ...
don't make those bad decisions, don't pay too much for over valued
property, don't buy what you can't afford, etc.

You ignore the people who were *told* they could afford the houses
they bought. People with a duty to be diligent--brokers, financiers,
investment houses, all assured them that they deserved a good house
and by heck they could afford one because they were given them a real
bargain.

Basically, it comes down to common sense, if you can't afford the house,
don't buy it... yet ...

But if you're assured that you can afford it, who is the real culprit
here?

Ah yes, the old Liar Loans...

The only "qualification" for the loan was could you fog a mirror? If you
were breathing, you qualified.