There are most certainly those who have paid attention to this and recognized this mess was coming. The poster indicating he lived in the 1 bedroom apartment clearly recognized this as the difference between his situation and how those around him were acting was too obvious to ignore.

The majority rules in this democracy we live in and we can't have all policies the way we would like. However, we at least shouldn't distort the free market to this degree and spread the cost for this failure to properly judge risk.