> Most of my peers are either completely priced out of the market, or taking on 40yr or interest only loans. These interest only are the reason my parents live

> Most of my peers are either completely priced out of the market, or taking on 40yr or interest only loans. These interest only are the reason my parents lived in a house 2x what they could afford - they took out an interest only mortgage in 2002, paid less on the mortgage than I was paying in rent for a room in an apartment last year, and sold at a 2.5x gain (to someone in my generation who is now mortgaged to the hilt), and bought a smaller home in cash from the proceeds after retirement. It's insanely unfair that the solution to irresponsible lending to my parents generation is to protect their investments and make sure I can pay back what they won't be able to repay.