[quote=SDowner]
No one seems to have learnt any lesson and using their homes as ATM. [/quote]

You couldn’t be more wrong. These folks learned that there’s no real consequences to their fiscal irresponsibility. When the sh!t hits the fan simply file for bankruptcy, squat for a few years and then wait for a few more years for the bankruptcy record to go away and “buy” again….wash, rinse, repeat. Talking about OPM, these folks are taking it to the next level – no skin in the game, nothing to lose, so why not living it up?

The banks need to stop being an enabler in these situations.