> Fewer loans mean house prices are no longer supported by debt. Given that they stopped being supported by incomes a long time ago, there's nothing left to pro

> Fewer loans mean house prices are no longer supported by debt. Given that they stopped being supported by incomes a long time ago, there's nothing left to prop the thing up. As anecdata, I was looking at a mortgage in SF recently (didn’t end up with one) and non-bank lenders offered me 2-3X the debt that a bank would offer, including rocket mortgage, which told me I could take out debt where the monthly payment was ~100% of my post-tax income (and 5% down). This was with no co-signer. I do have strong income and income growth potential (SWE in SF) but yikes I laughed at the guy on the phone when he told me the numbers because it was unreal. Anyways I don’t have a mortgage and I really hope the availability debt to people absolutely crashes and takes housing prices with it.