[quote=SellingMyHome] So, we dumped it onto a bank that was the cause of the mess this country is in now. [/quote]

This quote is the prevailing mindset in the country right now, and is being heavily pushed by the media and some politicians. That; “it was not my fault, it was the damn bank that gave me a loan to buy a house”. “How dare that bank actually loan me money and expect me to pay it back!”. Yes we all know, some terrible loans were made that shouldn’t have been, and the banks have been rightfully blamed heavily for that. My issue is that it is AT LEAST 50/50 fault between the homeowners and lenders for the mess we are in. I could have bought at the peak with a $5,000/mo payment, but I didn’t b/c I knew I couldn’t afford it. I stayed living within my means and rented. Many financially prudent friends of mine did the same thing. No one forced anyone to buy a home. Many did it out of greed b/c they saw their neighbors house going up $100k a year and wanted a piece of that speculation. No one forced anyone to make stupid decisions like cashing out all their equity to buy the RV and the Hummer. But now it’s all the banks fault. I just personally feel the media and a lot of politicians are shifting the blame 100% off the homeowners, and it’s at a minimum a 50/50 blame.