system
A chat on /r/wallstreetbets
human
Anyone could have known you could buy a house with no real income on a adjustable rate trap. 
  
 Overleverage is always what breaks the market but where that is today seems a lot less clear.

gpt
I knew people who bought houses and condos in 2005 and 2006. There was zero, I repeat, zero discussion of liars loans or anything like that. There was A LOT of talk about how housing never goes down.  
  
 The idea that everyone back then knew about these liars loans is false. It was not widespread knowledge until after the crash.