[voisin]

> They seem to pay the maximum the bank will lend them with no regard for being profitable or a good investment. Just get the best house possible at any cost.

Where is the direction of causality? I don’t know any first time home buyer that wants to be paying the maximum they can afford given bank lending standards. They are doing so because otherwise they cannot buy a house.

[exporectomy]

No. They can always buy a house in some small rural town. They chose to buy in more expensive places up to what they can borrow. Some people will buy a house a 1 hour commute from their work because that's all they can afford while others will be only 30 minutes away. I wanted to live closer to the nearby city but couldn't afford it so I ended up in a more distant poor suburb.