Trekking
1 min readMar 21, 2019

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Thanks for responding to the piece, Jim. You’re right that I glazed over a lot of the history of mortgage changes. There is certainly a rich history in the explosion of America’s home ownership for those returning from WWII. What I am attempting to point out is the explosion in the size of mortgages compared to American’s incomes, which started to go out of sync in the 70s/80s and continue to separate.

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Trekking
Trekking

Written by Trekking

Reality is merely an illusion, albeit a very persistent one. — Albert Einstein

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