The Housing Bubble, Mortgage Debt as Percent of GDP

Last year on Presidents' Day, I excerpted from a post I wrote in February 2005 (yes, 13 years ago). In that 2005 post, I included a graph of household mortgage debt as a percent of GDP. Several readers asked if I could update the graph. First, 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  The second graph shows household mortgage debt......(read more)

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