I follow you.
People offer their opinion that N% is the last healthy level of debt. Different people have different N's.
The only problem I can see is they conclude the haircut should kick in at N+1% debt ratio.
They should ask for like 3*N%.
That way, they will see significant HBD burn pressure at N%.
Yeah, I don't know, I'm in favor to hold it as low as possible :) IMO it makes it riskier to hold larger amounts powered up in extreme market movements.
The N idea is good. Let's see what happens.