ALARMING New Record: Outstanding Debt Surpasses Income By 2x !

ALARMING New Record: Outstanding Debt Surpasses Income By 2x !

Canada has set a new record.

The amount of debt outstanding now passes income by 2x.

This is a horrifying statistic that has come out via Better Dwelling.

We take a look closer at 2008 in Ireland to understand just how far debt-to-income ratios could rise.

How will this affect the housing market and real estate market?