One of many Barack and Michelle Obama's 'Time Bombs' are now maturing to explode causing the biggest Housing Bubble to Brust.
One of many Barack and Michelle Obama’s ‘Time Bombs’ are now getting ready to explode causing the biggest ‘Housing Bubble to Burst’ .
Excerpt from the article listed below :
“Needless to say, economic law had its way with the residential mortgage market. Big time. Household mortgage debt (black line) had stood at $325 billion or just 50% of household wage and salary income (purple line) back in 1971. But by the peak of the subprime borrowing spree in 2008-2009, mortgage debt had risen by 33X to nearly $11 trillion.”
The Mother of All Housing Bubbles
August 30, 2024 BY CWR
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