this is exactly the irresponsible behaviour that a recession punishes severely. But we weren't allowed to have that downturn, on the contrary, we were force fed liquidity to boost an already overpriced market. And now we have the usual suspects pretending that what they are offering is the only way young people will ever be able to buy into property! Recessions need to be respected because what we are now left with is old habits that just won't go away - those who were responsible for causing excessive debt absorption have gotten away with their poor practices instead of using them as a template of how not to go about lending out credit.
