I agree with most of the comments that find your post missing some very important points. I certainly think that you were trying to make a serious point but clothed it a general mischaracterization. It should have been more about new entries into the housing market with good financial positions versus how that looked during the housing bubble i.e. if you had inflated assets then the market conditions were relative as opposed to an absolute high expenditure. Still, an important point from a general aspect is that some younger families or singles jumped in as a matter of life necessity during the bubble and suffered the most and many have had their credit history ruined as a matter of having to either go bankrupt or walking away from an unaffordable morgage that was 'underwater'. - Eclectic Obsvr
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