Has anybody mentioned unsecured debt, which obviously from a creditor's point of view, is a negative thing? People seem to mistake a 25k credit limit on a Visa with a positive, and then wonder why they got turned down for something since they have a 0 balance on the 25k.
What is totally lost in this thread is the notion of income. When it comes to borrowing, the work hard, play hard concept does not work. Ask my coworkers with the 5000+ sq. ft. new homes that they bought 1 1/2 yrs. ago with only 35% or so down.