Earlier quoted context omitted.
> So don't take out a mortgage that you can't afford to pay off. Are you implying that you shouldn't take out a mortgage that you can't pay off without a job? That makes no sense at all. I'll admit you shouldn't take out a mortgage that you will default on if you're out of work for 1 month, but plenty of people wind up out of work for longer periods of time.
I'm saying that you should aim to not get caught up in a lifestyle in which you significantly increase the chance that you will feel forced to do bad things in the future to maintain it. I won't give hard figures because really this mortgage example is just one of many. It's a basic principles thing. Poor people living hand to mouth have no choice. A qualified software developer really does. If you mortgage yourself…
And anyone can go from doing well to living in their car.
When I was younger, I was doing well for myself. I wasn't in debt, I rented (no mortgage), happily newly married. And then the economy dropped out from under me and I lost everything. My job, all my savings, etc. We had less than a month of (cheap) rent left in the bank. Eventually, my wife and I had to move so she could take a job further away. She was still in grad school and had to travel 90 minutes each way to meet with people at the school. That was because I couldn't find a job that would support us (after over a year of looking). We didn't have to compromise our morals, but we did have to make a decision that sucked for us. Because shitty things happen.
My family and I are back in a good place now. But I recognize that somethings things fall apart no matter how well you plan, and I don't judge people based on the decisions that felt they had to make at such times. I may disagree with their decisions, but I don't believe they are bad people because of them.
If you get a chance, watch The Wave. It's a good example of how sometimes even normal "not bad" people can wind up making bad decisions.