posted on Mar, 2 2004 @ 11:27 AM
This is no secret.
Houses are the biggest source of debt in the country, but no one would own a house if they had to buy it outright.
The increase in debt and debt services, is due to the increase in the housing market, cars, etc.
Due to the availibility of debt, there is an obvious increase over time, along with new and better incentives from the government regarding home
At any time the market could bottom out, and it has been that way for a number of decades, so I am not sweating it any more today than tomorrow.
Our entire economy is based on using money that is not ours to obtain property, assets etc, and also to MAKE money. In my area, it is not uncommon to
walk away with 100k in profit after a couple years from a house.