Maybe you and the other commenter were talking about the so-called "jumbo" loans or interest-only loans that had become popular at the time. This was at the hei

Maybe you and the other commenter were talking about the so-called "jumbo" loans or interest-only loans that had become popular at the time. This was at the height of "flipping" and the idea was you'd make into your house and after five years you'd flip it and make a fortune because home prices were soaring so high. I saw the writing on the wall, but a lot of home buyers apparently didn't realize this was a first-mover opportunity and they may be left holding the bag. As it turned out, that was only the tip of the iceberg and that is what caught everybody by surprise!