“I’ve been waiting for someone to put all the blame at my doorstep,

Fascinating interview with Henry Cisneros who began the policies that resulted in an increase in home ownership by loosening mortgage rules (see graph above).

Victor Ramirez and Lorraine Pulido-Ramirez bought a house in Lago Vista in 2002. “This was our first home. I had nothing to compare it to,” Mr. Ramirez says. “I was a student making $17,000 a year, my wife was between jobs. In retrospect, how in hell did we qualify?”