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My borrowings are now 5X income compared to 15 yrs ago it was 3X income. Roughly speaking 15yrs ago - income $65k + rental income $5k on $180k borrowings. Now income $120k + rental income $50k on $1.1m borrowings.

From what i read, because we have hocked ourselves with high debt, it only takes a small increase in interest rates to have a very detrimental effect on the economy compared to say 15-20 yrs ago.