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person X has a very poor credit history. They want to buy a house. They have some serious cc debt they want to pay off. they have student loans.

okay. In your holy opinion is this person "ready" for a home? I mean, they have a poor payment record, bad credit, etc...

Excellent question. In my view there is nothing wrong or inappropriate about suggesting that the person consider the pitfalls of home ownership -- added expenses, desire to charge more to fill up the house w/furniture, etc., etc. But there's no way in the world you can know if they are "ready" for home ownership. Maybe their past experiences had put the fear of God into them about revolving debt. Maybe, in that regard, they're better off than folks who have avoided excessive debt so far in svaing for a down payment, but will feel, after they're in a house, that they've now "arrived" and will spend (beyond their means) accordingly.

But, if it will make you feel better, I'll give you the chance to tell one of "these people" to "get serious." My wife and I owe $135,000 or so in student loans and about $5000 in credit card debt. Our total revolving debt (not counting student loans) just two years ago was over $60,000. Please proceed.
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