OmniScience wrote: Just for the record, I'm not talking about people who lost their jobs, or were confronted with a serious illness - nobody has a crystal ball. I'm talking about the "keep up with the Joneses" folks who usually have way too much credit card debt and no restraint when it comes to financial responsibility. And there are a lot of them out there.
I don't buy that 'bad advice' garbage. If you are going to make the biggest purchase of your life shouldn't you take the time to study the market and evaluate your financial situation to make the best decision? That's what I did. It's just common sense. I could have purchased a house that was 90-100k more than the one I bought, but I didn't.
There's no excuse for educated, successful people to blame banks and realtors for their poor judgement.
