Or decided that buying a home was an irresponsible risk that couldn't be afforded... and now I have to pay someone else's mortgage while I don't even own my own place.
Or decided that building in a floodplain was stupid... and now I have to pay to rebuild someone else's place while I don't even own my own place.
etc.
My friend is thankful I screamed in her ear about an ARM. Her mortgage broker tried to talk her into it, it would “save” $400 a month. I talked and talked and talked until she agreed on the $400 higher payment, but fixed. Now her nieghbors are foreclosing because they are paying narly $3000 a month and she is fixed at $1250. Yes, she paid $400 more for a couple of years, but she isn’t losing her house. I told her her income will go up over time, but the house note will stay the same. I’m glad she listened too.