[quote=hslinger][quote=SD Realtor]I am sorry but I do not think the poster did anything wrong besides making a stupid decision to purchase a home near the top of a bubble. That was lunacy and the seller is a poster child for why we should not have 0 down loans, or for that matter FHA loans. Forcing buyers to come up with equity (in my opinion at least 20%) would lead to a much more stable market.[/quote]I wish that 20% down was the minimum requirement for a loan but I don’t see that happening.

I don’t believe in moralizing (good v evil) financial decisions and have no problem with the OP’s actions, but for him to blame the “bank” for his purchase is just childish and ignorant. That’s 100% on him.[/quote]

You’re childish and ignorant. Just kidding, I don’t call folks here names with my anonymous forum name.

I don’t blame the bank for my purchase, no one held a gun to me to sign. I blame the greedy financial organizations for helping to make the market crash, and putting the value of my house in the tank. When I bought, the industry was still somewhat innocent, the default swaps, crooked rating agencies, hedge funds, hadn’t gotten fully going with their greedy methods to make money any way they could. The bubble didn’t have to burst so hard, their methods pushed it so big it had to burst.