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Housing Headwinds: Ex-Fed Economist's Take on the Homeownership Crisis | Brad Case

Wealthion - Be Financially Resilient

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Household Debt and Debt Service Coverage

This chapter discusses the household debt service coverage and the relative amount of debt that households can cover with their income. It highlights that mortgage payments and total debt service payments are low compared to people's income, but credit card balances may go up. The chapter also explores the concept of 'haves' and 'have nots' and mentions the potential increase in default rates and delinquency rates.

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