UR not so sure I agree. I am a strong believer in personal responsibity. With regards to your point of view I have sellers who are selling short and are perfect examples of raw bad luck. They bought and many years ago then refinanced to remodel. Then last year both the husband and wife suffered medical injuries. His injuries forced him out of work while she is back at work after a few months of disability. To me this is simply a series of bad luck and not bad decisions.

Now the home on Chardonay up the street from me is not. They have the massive RV and the huge boat along with plenty of toys. This is nothing but sheer overconsumption. Is this a case of moral failing? Well I am not sure that is the correct word for it but it is not any different then running a credit card to the limit and not having the money to afford what you buy. If we cannot trust people with credit then what does that say about our society? One I believe could argue a case for moral failing.

I don’t classify them as evil… just stupidity. Maybe we do need to be a nanny state.