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How the Greek Debt Crisis Saved Americans $12 Billion

At Estately, we wondered why no one had covered how the Greek debt crisis affected Americans. We decided that an illustration might be the best way to make what is a very complex economic story easy to digest.

The take away is that the Greek debt crisis has saved US homebuyers an immense amount of money: the average person buying a home will save $11,000 over the first 10 years of a 30 year loan versus what they would have spent before the crisis. Taken as a whole, people who bought homes since the crisis began will save over $12 billion over the first 10 years of owning their homes.

Mortgage rates, greek debt

  • http://performancesportsprestigeluxurycars.blogspot.com/ Fred

    OMG I had heard about the situation in Greece but didnt realise it was that outrageous! Paying people bonuses just for turning up to work!

  • Anonymous

    this is really good, nice article

  • http://www.articlescolumn.com ArticlesColumn

    very well explained.A thorough explanation !!

  • Brian in San Diego

    The Problem is the US is part of the IMF. The US is putting $Billions up. Greece wont pay it back. So the savings your talking about will be lost in US inflation and taxation. Which will effect us long and more than that savings.

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