BREAKING: For the first time in history, interest payments on non-mortgage debt in the US are equivalent to interest on mortgage debt, at $575 billion.
— The Kobeissi Letter (@KobeissiLetter) March 16, 2024
Exactly 3 years ago, interest on non-mortgage debt was at $250 billion.
This marks a 130% increase in household interest… pic.twitter.com/11edPRWQvZ
Aren’t you just THRILLED you DO NOT own Chicago commercial real estate?? Stark financial realities described here
https://www.youtube.com/watch?v=0eEzpTkE8M8