“U.S. Mortgage Debt Hits Record, Eclipsing 2008 Peak”
August 20, 2019
” U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded…”
https://www.wsj.com/articles/u-s-mortgage-debt-hits-record-eclipsing-2008-peak-11565708431
Debt in general is bad (unless it’s leveraged correctly) but the main problem of the 2008 housing crash was the sub prime loans to unqualified individuals. At least that’s how I interpreted the problem.