A question all of us get asked is have we gotten ahead of ourselves in a multitude of asset classes, and what impact will all of them face when the country starts chipping away at the elephant in the room, the national debt. Here are a few thoughts on each of the asset classes to ponder about. National debt As of Nov.
14, the total U.S. debt was $35.
96 trillion, a 6.68% increase from the previous year. It has doubled in the last decade.
The U.S. has a statutory limit on federal debt, but it has been reversed several times.
There is a huge mismatch between spending and revenue. Every day the U.S.
spends $2.4 billion just on interest to service the debt. This amounts to $1,049 million in annual/debt service this year, up 30% from the same period a year ago.
Looking back 10 years to 2014, the national debt was $17.8 trillion. In 2004, it was $7.
4 trillion. In 1994, $4.6 trillion, in 1984 $1.
5 trillion, and in 1974 it was $475 billion. That’s an amazing increase in 50 years from ($475 billion to $35.96 trillion).
Real estate For October 2024 the median sales price for a single-family home in the U.S. was $420,400.
The highest recorded median sales price for a single-family home in the U.S. was $434,000 in March 2024.
Between 2019 and 2023 alone, the price increased by more than $100,000. For October 2024, in New Hampshire, the median sales price for a single-family home was $503,250. For October 2024, in the Lakes Region, which comprises 25 towns and cities, the median sales pr.