The Mortgage Market Is About to Revisit 2008 Crisis Woes

If you thought the worst of the financial crisis was way behind us, you’re about to get a rude awakening…

This story was originally published here.

If you thought the worst of the financial crisis was way behind us, you’re about to get a rude awakening.

Mortgage Massacre 2.0 is right around the corner.

Here’s how “forbearance” and “rent strikes” are already impacting the mortgage market and how what’s barreling down on us is going to make 2020 look like 2008 all over again.

U.S. households are barely holding up under the weight of the debt they’re carrying.

Household debt’s been rising for 23 quarters in a row and as of April stands at $14.3 trillion, according to the Federal Reserve Bank of New York.

Auto debt’s been rising steadily for 36 months, and now totals $1.35 trillion.

Student loan debt stands at over $1.42 trillion.

Credit card debt totaling more than $1.079 trillion just saw delinquencies rise 9.09% in April, to their highest level in two years.

And most frighteningly, mortgage debt at $10 trillion is up $150 billion in a year, climbing a whopping $29 billion in the first quarter of 2020.

We’re staring down the barrel of the next recession, and the time to act is now.

Even as the debt is rising and rising and rising, you can ensure that your retirement, your kids’ college funds, or your grandchildren’s inheritances could be totally protected.

As job losses increase and furloughs turn into permanent layoffs, households are going to have a harder and harder time paying their bills, especially their biggest monthly bill, their mortgage or rent.

Or maybe not…

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If you are seriously interested in learning about investing in the stock market, or how you could improve your current investment strategy, you should watch the demonstration below… it could change your life.