Post from 2005: Mortgage Debt and the "Recovery"

Here are some excerpts from a post I wrote in February 2005 (hard to believe this was 12 years ago). Note: I think I've improved the graphs since then!  From 2005: The following chart shows household mortgage debt as a % of GDP. Although mortgage debt has been increasing for years, the last four years have seen a tremendous increase in debt. Last year alone mortgage debt increased close to $800 Billion - almost 7% of GDP. Source: Federal Reserve  Some obervers have remarked that mortgage debt is still below 50% of household RE assets - and that is an accurate statement. In......(read more)

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