Why? Home ownership was at an all time low 3 years ago. This doesn't necessarily mean that people have borrowed too much , it doesn't necessarily mean that lenders are unethical.This isn't Trumps or any presidents fault really.MAGA
Remember 1.2 trillion of this is when obama took over student loans
For people to borrow like this is stupid.
ANd for people to LOAN like this is professional unethical and immoral.
Lenders are too quite to lend too much money.
I don't know what parameters banks use to calculate what mortgage people can afford, but it seems to include, "Live on dog food", among other bad ideas.