What’s your reaction to my post #7?
It doesn’t affect my point of view. We should all be able to determine on our own how much we can responsibly borrow, and if the guidelines are in place, that is factored into our decisions.
Someone is always going to think someone else borrows more money than they should or makes more money than they should.
If sound lending practices are in place, a person will only be able to borrow to a certain general level before the loan officer shakes their head and says “We cannot lend you that money.”
But we all know that went out the window (sound lending practices) beginning in 1977.