Quote:
Originally Posted by mrkajz44
The only issue with this is that rates are so low, people think its a good idea to leverage to their eyeballs as the cost is so low. How do you fix that without raising rates and forcing a bunch of people into foreclosure and bankruptcy? I wonder how rates will play out over the next 5 or so years. I think something has to happen, but I'm not sure what.
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Yeah, that is the problem. There is no good way out unless rates stay low forever. I am aiming to buy a good chunk below my max approval, but it is tempting to just max out and seems like a lot of people are doing it.