• @Zaktor@sopuli.xyz
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    37 months ago

    Then include rent in the income-to-expenses measurements for home loans? Getting rid of that portion is the whole point! Hell, someone paying stupid high rent is the best evidence they could have that you’ll be able to pay back their loan since you have 55% of your income already dedicated to housing that will be freed up and available without changing your lifestyle. They should worry more the smaller that percentage is.

    • @grue@lemmy.world
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      7 months ago

      Your argument makes perfect sense. If the entire loan industry weren’t a racket, it would be persuasive.