Did you buy a house you couldn’t really afford? How did that go?

We often hear about people who got priced out of the market, but I am wondering about the flip side. Has anyone here stretched their budget past what they could afford to buy a house? What was the fallout? (Technically I know that banks are not supposed to approve mortgages you can’t afford but I’m curious if this actually is the case). via /r/PersonalFinanceCanada https://ift.tt/3t2RPoU