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Nothing concerning really. Rates are low so people are purchasing homes. US used to build a lot more new homes but things changed in 2008. We have been ramping
by avgDev 5y ago
Nothing concerning really. Rates are low so people are purchasing homes.
US used to build a lot more new homes but things changed in 2008. We have been ramping up since but still are not where we were. This results in too little inventory driving prices up.
The CC debt and auto is not that bad.
- jiscariot 5y agoAlso, borrowing money for purchase of real assets is a pretty decent inflation hedge, when your central banks and government are injecting trillions of dollars of newly printed money in to the economy.
- AnimalMuppet 5y agoThe problem is that assets (even real assets) can be in a bubble when your central bank and government are injecting money into the economy. If you buy with borrowed money, and the bubble pops, then you own money on an asset whose value cratered.