The Aftermath of the Housing Bubble
Key takeaways from the presentation:
- Slide 23: U.S. homeowners have about $9.8 trillion in debt outstanding against $490 billion of equity.
- Slides 24 – 35: Appears to be what an unstoppable zombie outbreak would look like from the CDC.
- Slides 37: Conclusion = We’re F@#$&!
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Saddeled with far to much debt?Really?Seriously?I mean when you have to make a choice between eating and buying medicene.These are the tough choices that have to be made.The difference between 2006 and 2012 as far as foreclosures and underwater home owners is at the least eye opening.Who would believe it would get this bad and continue to become worse.Wow.