Quote:
Originally Posted by linecook
So in a sense, the only reason why our debt/income is higher than other years is because more people own their own homes or homes are just overpriced.
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That is certainly an explanation for some of it. I would guess that it has a lot to do with house prices being so high (compared to historical values).
It is absolutely insane how much money banks are willing to lend out.. I used less than 1/2 the amount I was approved for and I still managed to buy a nice starter house.