On 8/16/2012 9:32 AM, Han wrote:
Larry Jaques wrote in
:

If people hadn't been living so _far_ above their means in the first
place, the reduction wouldn't hurt nearly as bad and wouldn't cause
many of them to lose their homes, etc.
Yes, and yes. They believed what were essentially slick second hand car
salesmen, both with their extravagant homes and mortgages.

Any reasonably intelligent person should be able to figure out for
himself if he can afford a purchase.