[threwawasy1228]

This is a catch-22 though, if you are ignorant enough to not realize it is irresponsible, you are not the person who is going to be waiting a few years to research the market and make an informed decision. The people whose job it is to stop semi-ignorant people from making a poor uninformed decisions, are the same loan officers rubber stamping loans.

Not everyone can magically be smart enough to truly understand what they are getting into, and what ramifications it will have on their later economic life. What is your advice for the people who aren't doing more research ahead of time? "just get smarter dummy" ?