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A comment on ‘Housing in ‘07 wasn’t a bubble” is a true statement that almost no one believes. Parent comment

Re:‘Housing in ‘07 wasn’t a bubble” is a true statement that... by parkingrift on Friday April 08, 2022 @06:49AM (#30955425)
At what point do you think individual adults should be responsible for their own decisions?

“No capacity or understanding of the financials” makes it sound like these fully grown functioning adults had a learning disability. These people had access to the internet, books, libraries, financial services, and more. If these people were ignorant of the true costs it was willful ignorance.

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Re:‘Housing in ‘07 wasn’t a bubble” is a true statement that... by imtringued on Friday April 08, 2022 @07:08AM (#30955531)
> At what point do you think individual adults should be responsible for their own decisions?

The problem is that those lenders weren't responsible, tax payers and defrauded home buyers were cleaning up their mess.

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Re:‘Housing in ‘07 wasn’t a bubble” is a true statement that... by parkingrift on Friday April 08, 2022 @12:02PM (#30958909)
Defrauded home buyers? Come now. It isn't as if lenders were submitting fraudulent paperwork with fake rates and then sticking homebuyers with the "real" rate after the fact. Home buyers were willingly signing documents with plain English terms, and this was happening in the information age.
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