Mortgage rates stuck above 7%. Housing market stalling out—transaction volumes collapsing, prices starting to roll over. Real estate effectively frozen.
Meanwhile, Treasury interest expense is exploding. Higher debt service crowds out everything else—Medicare, Social Security, infrastructure. The math doesn't work when you're paying 4-5% on $36T in debt instead of near-zero.
This isn't just a housing problem. It's a fiscal crisis in slow motion. Boomers retiring into this mess while the government bleeds cash on interest payments. Policy mistakes compounding.
Meanwhile, Treasury interest expense is exploding. Higher debt service crowds out everything else—Medicare, Social Security, infrastructure. The math doesn't work when you're paying 4-5% on $36T in debt instead of near-zero.
This isn't just a housing problem. It's a fiscal crisis in slow motion. Boomers retiring into this mess while the government bleeds cash on interest payments. Policy mistakes compounding.