Tuesday, May 05, 2009

The US Mortgage Problem in Perspective

There are 80 million US houses.
53 million have mortgages.
27 million are paid off.
48 million are paying in time.
5 million are behind (9,5% of 53 million with 2.8% in foreclosure)
In the 1930's 50% were seriously delinquent.

Data: US Treasury, Milken Institute

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.