If you make 65K a year, and bought a house that’s 250K with 20% down (making it a 200K loan)…and you “can’t afford” it, then you have major problems.

Otherwise, I’m sure 95% of the population can easily manage a 200K, 30 year loan with 65K a year.

I just pointed out some of your quotes to show you how ridiculous you sound. Do you really think anyone can look for a better paying job? I’m sure one person can. But I doubt for all the millions of people who will have to default can’t just easily “make more money”.