Monday, September 26, 2011

Home Equity vs. Debt

Click to enlarge.

Click to enlarge.

These exponential trends are not our friends.

Source Data:
St. Louis Fed: Home Equity to Household Debt
St. Louis Fed: Home Equity to Total Debt


Mr Slippery said...

Last time I checked, the difference between mortgage debt and the value of the property secured by mortgages was about $6 trillion. Those are real losses that someone is going to have to take: either a bank, a homeowner, or the government through FNMA/FHMC/FHA/VHA.

It's going to take me years to pay down my part of it, not counting what the government dumps on me.

Stagflationary Mark said...

Mr Slippery,

Removing all the homes that have been paid off in full would certainly make the remaining data all that much scarier.

Troy said...

here's me graph for that

Troy said...

(. . . much scarier I means)

Stagflationary Mark said...

I have fantastic news.

I helped the economy out big time today.

I saw the dentist to fix my broken crown. I'll also be helping the economy again in about 6 weeks to put the new crown in.

Woohoo! Sigh. ;)