The Housing Bubble and Mortgage Debt as a Percent of GDP
Calculated Risk
JANUARY 9, 2025
In a 2005 post , I included a graph of household mortgage debt as a percent of GDP. First, from February 2005 (20 years ago!): It wouldn't take a RE bust to impact the general economy. Just a slowdown in both volume (to impact employment) and in prices (to slow down borrowing) might push the general economy into recession.
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