Is another Mortgage Crisis brewing?
Homebuyer Debt-to-Income Ratios (DTIs) are now approaching 40% in the beginning of 2023.
That means homebuyers are now spending 40% of their gross income on mortgage and interest costs.
Same level as 2006. 😬
(Source: FHFA)
The bubble will pop and government will bail out the banks and again fuck the people.