Talk:Debt-to-income ratio/Archives/2012
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World wide
Answering the call for more global examples, I added a reputable Canadian example from a non profit research intsitute concerned with middle class famlies. Pete (talk) 04:02, 18 February 2011 (UTC)
Ok, but the Canadian example is incorrectly stated... the ratio referred to is not the monthly debt payments over monthly income (which gives the 150%), but is total debt carried over annual income. i.e. an average household has 80k in income and carries 120k in debt. If you really had 2000 monthly income and 3000 monthly debt payments, you would be going into debt at a rate of 1000 a month. —Preceding unsigned comment added by 66.252.152.202 (talk) 17:39, 18 March 2011 (UTC)
Time tells
'However, recently loan qualification criteria have become laxer.' - this unsourced sentence was removed as POV; sourcing it could make it NPOV.--Bltpdx 08:20, 9 December 2005 (UTC)
- Heh heh heh—someone here at WP noted that they'd "become laxer" by December 2005. We all know, now, how that turned out, 2 years on! Back then it was removed for being possibly POV; today, it is recognized as not only common knowledge, but also a rather understated comment about what was going on! — ¾-10 02:31, 11 December 2007 (UTC)
And by 2010/2011 the full effects become obvious. Qualification criteria and substandard lending practices brought the mortgage industry to its knees, requiring government bailouts and causing a national foreclosure crisis. 137.95.1.4 (talk) —Preceding undated comment added 22:31, 10 April 2011 (UTC). Xalorous (talk) 22:35, 10 April 2011 (UTC)
Debt to Income Ratio Calculator
This external link is a thinly veiled advertisement. Their calculator uses net income as the bases for the DTI ratio (bankers use gross income) then when your reported ratio is, of course, excessive, they offer to "help" you lower it. —Preceding unsigned comment added by 71.79.58.150 (talk) 03:50, 14 December 2008 (UTC)
Information Incomplete
As someone knowing little about this topic and requiring information, it is pointless to state that a figure of at least 28/36 is needed. Does that mean that 29/36 is unacceptable or that 27/36 is unacceptable? Should more or should less be spent monthly on housing costs? The article does not make this clear. Pete, http://en.wikipedia.org/wiki/User:Psnisbet 13:02, 17 September 2012 (UTC)