At the time most of those people took out those loans on those houses, they could afford them. Several things happened in various combinations. Interest rates s

At the time most of those people took out those loans on those houses, they could afford them. Several things happened in various combinations. Interest rates shot up making the loans unaffordable. House prices collapsed so now they had taken out loans on houses worth dramatically less than they bought them for. They lost their job. In some cases they lost their job meaning they needed to move to find work, but that would mean selling a house worth less than they bought it for which mans they'd owe the difference, and the mortgage on the new house would be unaffordable anyway due to the increase in mortgage rates. Then bear in mind the hyper aggressive marketing tactics, and assurances from financial institutions and politicians that this was all fine and there was no risk. Ultimately though, this has nothing at all to do with my comment. I meant "they lost their homes" and that's all. I didn't assign any blame to anyone, nor did I try to accuse anyone of anything, all I talked about was the potential economic repercussions.