Anecdotally, when my wife and I were looking at homes it'd be inevitable we'd hear someone else at the open houses talking about their 7th or 8th investment pro

Anecdotally, when my wife and I were looking at homes it'd be inevitable we'd hear someone else at the open houses talking about their 7th or 8th investment property. My wife is the chatty sort, so she'd ask them about how they could afford it and they'd always be leveraged up to the eyeballs. The cheap credit hog has been a complete disaster, and when the rates inevitably rise to where they should be we're going to see a lot of idiots with a lot of unbacked debt defaulting on everything.