Why should I want to spend a ridiculously inflated price for a shoe box when I know that a bubble is in progress and is now burst and is deflating? Some of us would just like to put a secure roof over our heads and to see sensible house prices. It is not immoral not to want to throw money into a pit!
Its worse than a morality issue.
the whole kit and caboodle of lending and spending is the ENTIRE BASIS for Browns Miracle economy....need proof: just ask yourself if the credit crunch is having an effect on the economy.
The encouragement to extend yourself to the max by implying the whole "leverage to buy" issue was an investment that couldnt fail has come from government, banks, brokers, developers, pyramid schemes, FSA, and just about everyone who benefitted from the whole Ponzi scam.
Those who will end up paying are just discovering the fact.
NOT ONE person who STRd has encouraged the entire nation to do so. There is no FSA turning a blind eye to STR, there are no companies offering to do all the work to get you on an STR "road to riches".