tag:blogger.com,1999:blog-7183447461205976739.post1295551502194043390..comments2024-02-26T17:13:18.702-06:00Comments on DemoCurmudgeon: Home Sales Drop in Wisconsin...Blame Obama? Democurmudgeonhttp://www.blogger.com/profile/16336177394503335112noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7183447461205976739.post-50031528368908568062014-05-21T10:14:05.605-05:002014-05-21T10:14:05.605-05:00Wolf Richter: This Chart Is The Fate of Housing In...<a href="http://www.nakedcapitalism.com/2014/05/wolf-richter-chart-fate-housing-america-student-loans-bankrupt-whole-generation.html" rel="nofollow">Wolf Richter: This Chart Is The Fate of Housing In America As Student Loans Bankrupt A Whole Generation</a><br /><br /><i>"Student loan balances soared 362% to $1.1 trillion since 2003, during a period when mortgage debt – including the effects of the current Housing Bubble 2 – rose “only” 65% to $8.2 trillion and credit card debt actually declined by 4.2% to $660 billion (chart). The burden of servicing that increasing pile of student loans is eating into other forms of borrowing and spending, such as the American classic, reckless consumption on credit cards, or the purchase of a home. And so the proportion of first-time buyers – the single most important sign of a healthy housing market – has been shrinking for years."</i>Garethnoreply@blogger.com