True, also in order to afford ANY reasonable home in many communities meant that lower middle-income famlies had to take whatever risks were offered. If housing had been truly affordable to the middle-class, then we could berate them for taking needless risks. I have a household income of a little under six-figures and I can not get approved for any housing except for a condo, unless I chose to take a risky mortgage. I chose not to, but I see easily why many did. In fact my wife and I often second-guessed our decision to not buy a home.
Reed
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