Debt-to-income ratios must be limited to prevent future housing bubbles (redux)

Debt-to-income ratios must be limited because beyond a certain point, rising debt service becomes a Ponzi scheme.

In The Great Housing Bubble, I wrote about how we could prevent the next housing bubble:
Loans for the purchase or refinance of residential real estate secured by a mortgage and… – Debt-to-income ratios must be limited to prevent future housing bubbles (redux)

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