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Updated almost 10 years ago,
Leverage Is Through the Roof!
Lenders are getting more and more aggressive in their underwriting - read this...
I am researching a project and reached out to a friend who is working for a big lender. He confirmed - they are approving stuff that makes no sense anymore.
This bubble has more room to run, but when it bursts, it'll hurt - unless real incomes jump very significantly!
Thoughts?