I’m going to take another whack at the dead horse here. Could rapid inflation this year cause a housing crash? Banks have loaned based on 40% DTI over the last several years. That was more conservative than it was right before the 2007 crash and was supposed to keep us out of trouble. But with housing prices doubling in many areas of the country you have to assume that many households are maxing that 40% ratio. But what happens when everything else starts to get absurdly expensive and wages don’t keep up? $5 a gallon gas, $5 a gallon milk, $5 /lb ground beef, utility costs, consumer goods etc. All of this has been going up up up, and with the Russian sanctions supply chains are about to be further cut at the worst possible time. So, can American homeowners who are already house poor shoulder the increase with their remaining 60% of their income? IDK, but I wonder if we’re setting ourselves up for another historic number of defaults on those massive mortgages that Americans are trying to pay right now. 🤷‍♂️