Debt’s Deadly Grip

[SD Transplant]

I wanted to share a little stat/view from this article that I haven’t seen before….quite a story teller

http://finance.yahoo.com/news/Debts-Deadly-nytimes-1162311883.html?x=0

“Per capita debt balances are staggering, as well — and for many consumers, the assets underpinning these obligations have collapsed. Reflecting the heavy burden that mortgages represent for most consumers, these debts are highest in states where the real estate mania went craziest. In California, for example, the average per capita debt balance among consumers with a credit report is $78,000, the Fed said; in Nevada, it is $73,000. The nationwide average is $49,000.”

[briansd1]

We’ve lost $6 trillion of wealth, but the debts remained essential the same. So yeah, we’re in deep debt.

Dean Baker, co-director of the Center for Economic and Policy Research, estimates that it will take 20 years to recoup the $6 trillion of housing wealth that has been lost since 2005. After adjusting for inflation, values will never catch up.

[briansd1]

We’ve lost $6 trillion of wealth, but the debts remained essential the same. So yeah, we’re in deep debt.

Dean Baker, co-director of the Center for Economic and Policy Research, estimates that it will take 20 years to recoup the $6 trillion of housing wealth that has been lost since 2005. After adjusting for inflation, values will never catch up.

[briansd1]

We’ve lost $6 trillion of wealth, but the debts remained essential the same. So yeah, we’re in deep debt.

Dean Baker, co-director of the Center for Economic and Policy Research, estimates that it will take 20 years to recoup the $6 trillion of housing wealth that has been lost since 2005. After adjusting for inflation, values will never catch up.

[briansd1]

We’ve lost $6 trillion of wealth, but the debts remained essential the same. So yeah, we’re in deep debt.

Dean Baker, co-director of the Center for Economic and Policy Research, estimates that it will take 20 years to recoup the $6 trillion of housing wealth that has been lost since 2005. After adjusting for inflation, values will never catch up.

[briansd1]

We’ve lost $6 trillion of wealth, but the debts remained essential the same. So yeah, we’re in deep debt.

Dean Baker, co-director of the Center for Economic and Policy Research, estimates that it will take 20 years to recoup the $6 trillion of housing wealth that has been lost since 2005. After adjusting for inflation, values will never catch up.

[briansd1]

Amazing stats.

Las Vegas continued to lead the nation, with 73.9% of all mortgage borrowers owing more than their properties are worth. In Phoenix, that total is 66.8%; in Orlando, 64.6%; and in Reno, 61.9%.

http://money.cnn.com/2010/08/09/real_estate/fewer_underwater_borrowers/index.htm

[briansd1]

Amazing stats.

Las Vegas continued to lead the nation, with 73.9% of all mortgage borrowers owing more than their properties are worth. In Phoenix, that total is 66.8%; in Orlando, 64.6%; and in Reno, 61.9%.

http://money.cnn.com/2010/08/09/real_estate/fewer_underwater_borrowers/index.htm

[briansd1]

Amazing stats.

Las Vegas continued to lead the nation, with 73.9% of all mortgage borrowers owing more than their properties are worth. In Phoenix, that total is 66.8%; in Orlando, 64.6%; and in Reno, 61.9%.

http://money.cnn.com/2010/08/09/real_estate/fewer_underwater_borrowers/index.htm

[briansd1]

Amazing stats.

Las Vegas continued to lead the nation, with 73.9% of all mortgage borrowers owing more than their properties are worth. In Phoenix, that total is 66.8%; in Orlando, 64.6%; and in Reno, 61.9%.

http://money.cnn.com/2010/08/09/real_estate/fewer_underwater_borrowers/index.htm

[briansd1]

Amazing stats.

Las Vegas continued to lead the nation, with 73.9% of all mortgage borrowers owing more than their properties are worth. In Phoenix, that total is 66.8%; in Orlando, 64.6%; and in Reno, 61.9%.

http://money.cnn.com/2010/08/09/real_estate/fewer_underwater_borrowers/index.htm

[CA renter]

Is this inflationary or deflationary? 😉

[CA renter]

Is this inflationary or deflationary? 😉

[CA renter]

Is this inflationary or deflationary? 😉

[CA renter]

Is this inflationary or deflationary? 😉

[Author]

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