To investors,
There is a tremendous correlation between homeowner net equity and total US debt held by the public -- so similar in fact it wouldn't be too much of a stretch to say the US national debt is a transfer to homeowners in the form of equity.
There is a tremendous correlation between homeowner net equity and total US debt held by the public -- so similar in fact it wouldn't be too much of a stretch to say the US national debt is a transfer to homeowners in the form of equity.