People buying as much house as the bank would approve them for rather than what they could afford is what caused the first bubble. We bought a house for 2x our

People buying as much house as the bank would approve them for rather than what they could afford is what caused the first bubble. We bought a house for 2x our annual income 3 miles from work. We could have bought in a trendier neighborhood but it would have come with an unreasonable mortgage and an extra 1.5-2 hours of commuting per day.