Not exact matches
Finally, as we saw ten years ago, overleveraging
housing debt can have severe economic consequences.
Maybe it's because the
housing market is improving, or maybe it's because people are
finally taking their student loan
debt seriously.
At this point, the bank believes the disparity between
house prices / consumer
debt and household income growth will
finally be reduced to less concerning levels.
Similarly, financial innovation in mortgage - backed securities led to an enormous
debt - fueled
housing bubble, which
finally blew up in 2008.
Finally, here you can see the big thing that really motivates me to be out of
debt (and why it may be irrelevant for me to buy a
house): http://debtblitzkrieg.com/2007/03/25/my-crazy-long-term-dream/
Consumer
debt and the
housing market
finally appear to be stabilizing here in the Great White North, at the same time
debt concerns in the United States and Europe have begun to dissipate.
It may be going too far to say that becoming
debt free «except for the
house» was kind of a let down, by the euphoria we experienced on a regular basis as we paid off our smaller
debts is gone (at least for a while) until we
finally send in that last mortgage payment many years down the road (hopefully sooner than my current projections).
San Diego is
finally catching up to other high - priced
housing markets in California, giving homeowners a chance to use home equity loans in San Diego to renovate or pay off
debt.
They lived off of credit cards, built a
house of cards of
debt,
finally declared bankruptcy, and immediately went on to acquire MORE consumer
debt!