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Well I agree with some and disagree with others.....I am not what you call "good with my money" by ANY means and have my fair share of debt but we bought a house 4 years ago and I have to say were were SHOCKED when we were told what we were approved for.....it was well over twice we we agreed we could afford. There are a lot of people out there trying to keep up with the Jones's that would have gone for it....and I am sure they did and are now being foreclosed on. I am glad we didnt fall for it because thats exactly where we would be right now if we bought all the house the bank said we could afford.......
Should the lenders be to blame or the individuals for not taking responsibility for their own spending?
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