American hit a new high in terms of individual debt last
Posted on: October 9, 2018 at 13:12:32 CT
playhard KC
Posts:
95623
Member For:
14.20 yrs
Level:
User
M.O.B. Votes:
0
year. There's a lot of people who owe a lot of money on their house, $60K trucks, $80K boats, etc etc.
What happens if the housing market goes boom and houses appraised at $400K drop to $200K? Hopefully that doesn't happen but a lot of this has the feel of 1980's farm crisis. Homes are way, way overvalued right now.