It should make us pause and reconsider lending practices. However, speaking selfishly, the last crises allowed us to increase our net worth substantially. We cashed in every liquid asset we had went "all in" on real estate. For us, the bubble bursting was like going back in time 10-20 years in terms of home prices. If it happens again, I'll do it again and even accelerate it.
I hope no one over extends. I hope no one loses their home. But if it happens ill swoop in and pick up their scraps.
