What happens when the US debt reaches critical levels?

Tech Insider : Economy

The US debt is skyrocketing to unprecedented levels not seen since World War II. Our investing correspondent explains how we got there and how this looming financial crisis could impact you.

I moved to Spain from California and bought 2 properties for less than $370,000. The process was shockingly easy compared to owning a home in Oakland.

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May Leong in Valencia, Spain.
After May Leong semi-retired, she moved to Spain from Oakland with her husband.

Courtesy of May Leong

I got a 2.5% mortgage rate last year when everyone else was getting 6%. It's saving us $40,000 and helping pay off my medical bills for cancer treatment.

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Amy Yzaguirre, her husband, and son.
Amy Yzaguirre, her husband, and son.

Courtesy of Amy Yzaguirre

How to Get a Low Interest Rate on a Mortgage

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The offers and details on this page may have updated or changed since the time of publication. See our article on Business Insider for current information.

Office owners are on 'borrowed time' as maturing debts can't be pushed off much longer, Goldman Sachs says

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A photo of the New York City Skyline.
A view of the Manhattan Skyline with the Empire State Building in the center.

Roy Rochlin/Getty Images

Home prices have risen more than double the pace of inflation since the 1960s

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Home prices vs inflation rate
Home-price appreciation has significantly outpaced the rate of inflation.

Getty Images

Millions of homes could flood the US housing market thanks to boomers

Tech Insider : Economy

Baby boomers dominate America's housing market. But as they age out, millions of homes will be up for grabs, and Gen Z is poised to benefit.

One way to help American homebuyers? Do what the Dutch do.

Tech Insider : Economy
Homes along a canal in Amsterdam.
Dutch-style mortgages offer something American mortgages don't: automatically lower interest rates as the loan is paid off.

Yasonya/Getty Images

Americans are paying nearly as much interest on credit cards and other debt as they are on their mortgages

Tech Insider : Economy
credit cards
Non-mortgage interest payments have jumped.

Joe Raedle/Getty Images

Sorry, parents: The American dream is only for DINKS

Tech Insider : Economy
A house and a pacifier icon cut out of a quarter
This year, homebuyers with children are likely to spend 66% of their income on mortgage and childcare expenses, Zillow found.

iStock; Rebecca Zisser/BI

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