Oh ok than I am agreeing with you
The banks won't loan money to people who can't afford it, but I don't think that was the case that long ago, everyone in BC seemed to be spending a ton of money, and I think a lot came from the bank, if things slow down I think they're in trouble... We had 0% down and 40 year mortgages to help people buy things they couldn't afford, but thankfully that has been done away with...
I know some people (about 30 ish age wise), with no down payment who are looking to spend I forget how much, 4 or 500,000 to buy their first property (or maybe it was 6...), the thing is, it's just bare land... No drive way even. Luckily I don't think the bank will let them do this anymore. Some people seem too eager to get in debt, in my opinion.
Sorry to be off topic. I didn't follow the US elections too much, but from what I saw I favored Obama over McCain... I don't trust most politicians though, and I didn't trust bush. Again, just my uninformed opinion.