Many home buyers were just irrational

Some lending institutions may be guilty of professional irresponsibility. Their eagerness to secure mortgage loans has led many into a false sense of unaffordable security.

Yet I must question the rationality of home buyers who agree to terms that place them at financial risk.

During my lifetime, I have owned six houses along with the mortgages they carried.

Never once did I purchase a home that over extended my monetary capability.

Now, the recently enacted homeowners bill aims to bail out 400,000 people for making a poor decision.

Meanwhile, my property value has dropped over 10 percent due to the indiscretion by others.

I grow weary of paying for someone else's mistakes.

Don Mueller

Hoffman Estates