Quote:
Originally Posted by Dan02
Maybe we shouldn't be protecting the few people who bought houses they couldn't afford if not for ultra high leverage with ultra low rates at the expense of the vast majority of the rest of the population. You can't protect everyone from their mistakes.
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If you go past the stress test values were those houses people couldn’t afford?
Stress test was at 5.25%. Variable rate mortgages are still 2-2.5 and fixed it looks liked you can still get 4%. Son still another 1.25-3% of room before things get worrisome and you have to make that decision.