Quote Originally Posted by EyeKhan View Post
The bath I took was a result of the bubble, and probably of the collapse of GM and Chrysler, but it had nothing at all to do with me participating in the bubble or of over inflated house prices in my region. I followed all the rules to the letter. The rules, which were wrong, never allowed for what happened. Which is my point.
The 'rules', such as they are, did though. Bubbles don't only impact people who buy into the bubble. It sucks, yes, but it doesn't really invalidate anything.

BTW, I've never heard that "buy as big a house as you can" financial guidance. What I've always heard is more along the lines of "Never buy a house as an investment, they're terrible for that. Buy one to live in it."