Oh yes, I agree with that. It is a lot of money for a lot of people. A house is probably the single biggest purchase that people will ever make in their lifetim

Oh yes, I agree with that. It is a lot of money for a lot of people. A house is probably the single biggest purchase that people will ever make in their lifetime. Unless they don't buy a house, in which case, it wouldn't be the single biggest purchase in their lifetime. :) There is nothing extremely sophisticated about borrowing money. But I heard that some extremely sophisticated lenders have lost their shirt recently, so one cannot be too careful.