US
Household Debt rose to $13.86 trillion as of 6/30/19. This is up from $13.58
trillion as of 12/31/19. About $9.4 trillion of this is good single-family home
mortgage debt that turns into a valuable asset that appreciates in value each
year.
Rents are
at all-time highs and home mortgages are at all-time lows. Mortgage rates remain below 4% for 30 year
fixed home mortgages and below 3.5% for 15 year fixed home mortgages.
It makes
no sense to rent or carry credit card balances.
US homeownership has risen from 62.9% in 2016 to 64.2% in 2019.
Norb
Leahy, Dunwoody GA Tea Party Leader
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