Posted On: December 4, 2007, 12:46 pm CST

Posted By: Dustin

Agreed. I feel that the subprime meltdown has been a product of some predatory lending; however, we must all take responsibility for our actions. If you make 75k a year, it might not be a good idea to buy a 500k house. My wife and I make good money, but we live in a modest house. Sure, I want a 2 car garage, kitchen with granite counter tops, stainless steel appliances, 2500 square feet, and all the great things that several people who live just down the road from me have. The reality it, at this point in my life, I can't do that. My wife and I made a conscious decision to not work to make a house payment, or have a house we can't afford. Just because the bank can give you the loan, doesn't mean you should take the loan!