lol! There is/was not federal law that "lowered" qualifications son.<quoted text>Correct! When I purchased my 1st home in 1988 I qualified for someing 3 times what I could afford. That debt to income ration would have been nearly 60% which is insanity!! Even my realtor pushed for the higher priced homes. Why? 6% commissions. A motivation brought on by the "caring" federal government.
There is what is called the law of consequences.
This law will play out again for a raise in minimum wage that liberals just don't understand because they don't understand business or economics.
Businesses did that in their rush and greed to make money.