Urban, I expected a much more educated response to this topic. I thought we would agree on some things but it looks as though this is another one we disagree on. There is no possible way that the reason we are where we are today is because people felt they would be priced out. People bought because they wanted to catch up to the “Jones”, while knowing full well that unless their house was worth more money when their 5 year ARM adjusted that they would be in trouble. [/quote]
I am not sure what you think is uneducated about my response. I simply say that I try not to be too judgmental of the poor decision-making of others. Their motivations were foolish and short sighted but understandable. I expect you have made poor decisions in your life as well. Have you not? That was my only point here. It sounds like you’re trying to pick a fight here rather than actually engage in discourse.
