Albert Meyer

What’s My Payment?

Good article, thanks.

"The $10.5 trillion of mortgage debt will need to be paid down or written off over many years, before the housing market will reach equilibrium again"

Isn't this a little bit extreme? The collateral value of the $10.5 trillion of mortgage debt is $19 trillion, not so?

Total US household net worth is $53 trillion, not so?

Just trying to add another perspective, although there is nothing about your article that should make us proud, but then our government leads the way, not so? A healthcare program will add another $1 trillion to national debt over the next ten years - low-balling the estimate of course. Do they undertsand what the word "immoral" means.

The war was supposed to cost $80 billion... $908 billion and counting. This makes household debt fade into insignificance.

costofwar.com/