iguanamanc
Full Member
I'm against that in principle. Poorer people should have access to credit too, and a government mandated ceiling is not flexible enough to ensure that a significant segment of people are not shut out of the credit market.
Besides, arguably the system is working - anyone who borrowed without sufficient equity is going to default, the banks make losses, the borrower loses the house, and house prices fall.
And then Spinoza will get a bargain......
https://www.redcafe.net/f8/i-made-offer-house-today-201176/#post4588799
You're one sweet guy.