>I think people are over-extending themselves. I mean, yes and no. It is true that people are overextending themselves, but there are not a lot of alternatives

>I think people are over-extending themselves. I mean, yes and no. It is true that people are overextending themselves, but there are not a lot of alternatives. To whit: the median home price to median household income ratio is the highest its been since the census started keeping track in 1947 [0]. Its worse than 2008, and like the article says, there are a lot of guardrails in place to prevent the wildly irresponsible borrowing that created that mess. 0. https://www.longtermtrends.net/home-price-median-annual-income-ratio/ https://www.longtermtrends.net/home-price-median-annual-inco...