3 ms·
Good lord, that graph looks far scarier than the 2008 bubble.
by sillysaurusx 5y ago
Good lord, that graph looks far scarier than the 2008 bubble.
- arcticbull 5y agoIt probably shouldn't, that's total real estate equity - not real estate equity per capita, and it doesn't look like it's even adjusted for inflation? You can make any graph look scary if you try hard enough haha.
- wahern 5y agoAmong OECD countries, the United States is mostly middle of the pack. See https://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=ECO/WKP(2019)58&docLanguage=En https://www.oecd.org/officialdocuments/publicdisplaydocument... IOW, these trends are basically global, not specific to the U.S. (Americans always think they're exceptional....) For example, the U.S. is slightly below average in mortgage debt-to-income. One of the few places that the U.S. stands out is the percentage of home owners--we're second from the top at 40-50%.