Granted. Can't count the number of times I asked "how are these people affording these overpriced houses" when we were renting to wait out the bubble bursting.<quoted text>
Whether one wants to blame politics or mortgage bankers, there would not have been any housing bubble and subsequent collapse were it not for irresponsible buyers who "purchased" houses far beyond their financial ability.
The buyers should bear most of the blame for their circumstances.
Eventually the kind of loans that allowed them to do that became clear. And why there were so many foreclosures a few years later.