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OFFICIAL VERIFIED

House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

House of Debt

by Atif Mian g
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4.26
73,999 ratings · 9,130 reviews
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OFFICIAL VERIFIED

House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

House of Debt

by Atif Mian g
4.26 73,999 ratings · 9,130 reviews
Discover House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again by Atif Mian. Start reading today and explore ideas, insights, and experiences that stay with you.

Overview: The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending. Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi.  More aggressive debt forgiveness after the crash helps, but as they illustrate, we can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place. Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing the modern economy today: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?

We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Case Studies in Organizational Behavior and Theory for Health Care: House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again ,To get started finding Case Studies in Organizational Behavior and Theory for Health Care:House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again, you are right to find our website which has a comprehensive collection of manuals listed.

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Details & Genres

Economics Non Fiction Finance History Business Nonfiction Politics
Length 219 pages
Published May 21, 2014
ISBN-13 18526683

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Atif Mian
About the Author Atif Mian
14,235 followers

Atif Mian is a writer and avid reader based in the Pacific Northwest. Before pursuing writing full-time, they spent over a decade working in education. When not working on their next book, Atif Mian can usually be found hiking with their dog or trying out new coffee shops in their neighborhood.

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Cynthia Wright
Cynthia Wright August 26, 2024
Took me a few chapters to get into it, but it was worth it. Interesting premise and executed fairly well. Just a few slow chapters here and there. I'd probably recommend it to a friend.
Ryan Martinez
Ryan Martinez March 24, 2024
Pretty good overall. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. A solid 4 stars from me.
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Linda Johnson
Linda Johnson September 11, 2025
Such a great read. I loved how the story unfolded. It kept me guessing without being too confusing. Will be looking for more from this author.
Lisa Johnson
Lisa Johnson February 20, 2025
Good, but not quite perfect. It held my attention, even if a few things were a little predictable. A solid 4 stars from me.
Kenneth Hill
Kenneth Hill February 19, 2025
Good, but not quite perfect. It held my attention, even if a few things were a little predictable. I'd probably recommend it to a friend.
Sarah Rivera
Sarah Rivera March 21, 2025
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Gary Roberts
Gary Roberts March 19, 2024
I was pleasantly surprised. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Would probably read it again at some point.
Eric Jackson
Eric Jackson September 22, 2025
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Gary Lee January 01, 2025
I liked it for the most part. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. I'd probably recommend it to a friend.
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Charles Rodriguez October 12, 2025
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Rebecca Wright
Rebecca Wright April 06, 2024
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Karen Nelson October 09, 2025
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Anthony Johnson
Anthony Johnson March 13, 2024
Honestly one of the better books I've read lately. The author did a great job wrapping everything up at the end. No weird plot holes left behind. A solid 5/5 for me.
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Paul Diaz December 19, 2024
Honestly one of the better books I've read lately. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Would probably read it again at some point.
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Margaret Nguyen December 02, 2025
Such a great read. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Worth the time and money.
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Richard Young April 26, 2024
Honestly one of the better books I've read lately. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Worth the time and money.
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Really enjoyed this one. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Will be looking for more from this author.
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Mark Allen February 02, 2025
Glad someone recommended this to me. I loved how the story unfolded. It kept me guessing without being too confusing. Glad I picked this up.
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Donald Jackson June 16, 2025
I liked it for the most part. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. Still a good book.
Charles White
Charles White May 25, 2024
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Mark Wilson February 02, 2025
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Patricia Taylor February 03, 2024
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Stephanie Harris May 31, 2024
A very satisfying read. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Worth the time and money.
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Robert Flores November 25, 2024
Really enjoyed this one. I loved how the story unfolded. It kept me guessing without being too confusing. Would probably read it again at some point.
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Paul Sanchez September 18, 2024
Glad someone recommended this to me. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Glad I picked this up.
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Lisa Rodriguez
Lisa Rodriguez October 29, 2024
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Gary Nelson
Gary Nelson November 24, 2024
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Charles Rodriguez May 26, 2024
Honestly one of the better books I've read lately. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Glad I picked this up.
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Donna Baker
Donna Baker October 15, 2025
It was just alright. The writing was fine, but I didn't feel very connected to the characters. They felt a bit flat. It's fine if you have nothing else to read.
Deborah Collins
Deborah Collins November 15, 2024
Such a great read. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. A solid 5/5 for me.
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Betty Parker September 09, 2024
Finished it in a couple of days. I got really invested in the main character's journey. Everything just clicked for me. Glad I picked this up.
Jessica Clark
Jessica Clark June 13, 2024
A solid read. I liked the main character, though some of the side plots were just okay. Enjoyable weekend read.
Kevin Campbell
Kevin Campbell January 01, 2025
I was pleasantly surprised. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. A solid 5/5 for me.
Ashley Adams
Ashley Adams February 24, 2024
I was pleasantly surprised. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Definitely recommend it if you like this genre.
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Took me a few chapters to get into it, but it was worth it. The middle dragged a tiny bit, but the ending totally made up for it. I'd probably recommend it to a friend.
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Ryan Walker February 04, 2024
Such a great read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Worth the time and money.
Donald White
Donald White December 18, 2024
Good, but not quite perfect. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. I'd probably recommend it to a friend.
Linda Moore
Linda Moore July 01, 2024
Good, but not quite perfect. I liked the main character, though some of the side plots were just okay. Still a good book.
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John Diaz September 23, 2024
A solid read. The middle dragged a tiny bit, but the ending totally made up for it. Enjoyable weekend read.
Emily Williams
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I liked it for the most part. It held my attention, even if a few things were a little predictable. Still a good book.
Ashley Ramirez
Ashley Ramirez June 05, 2024
A very satisfying read. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Would probably read it again at some point.
Jacob Rivera
Jacob Rivera October 03, 2024
A very satisfying read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Worth the time and money.
Stephanie Jackson
Stephanie Jackson December 06, 2024
A solid read. It held my attention, even if a few things were a little predictable. I'd probably recommend it to a friend.
Steven Roberts
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Such a great read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. A solid 5/5 for me.
Robert Baker
Robert Baker March 01, 2024
A very satisfying read. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Worth the time and money.
Sharon Thompson
Sharon Thompson March 08, 2024
A very satisfying read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Will be looking for more from this author.
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Really enjoyed this one. I got really invested in the main character's journey. Everything just clicked for me. Would probably read it again at some point.
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Ryan Lopez February 05, 2025
I liked it for the most part. Interesting premise and executed fairly well. Just a few slow chapters here and there. Not bad at all.
Jacob Thomas
Jacob Thomas June 01, 2024
I liked it for the most part. The middle dragged a tiny bit, but the ending totally made up for it. I'd probably recommend it to a friend.
Sandra Lee
Sandra Lee April 08, 2024
Good, but not quite perfect. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. I'd probably recommend it to a friend.
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Karen Thomas February 19, 2024
Honestly one of the better books I've read lately. I got really invested in the main character's journey. Everything just clicked for me. Glad I picked this up.
Christopher White
Christopher White September 28, 2024
Finished it in a couple of days. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Would probably read it again at some point.
Elizabeth Allen
Elizabeth Allen April 24, 2024
Finished it in a couple of days. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
Joshua Lopez
Joshua Lopez November 02, 2025
A very satisfying read. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Will be looking for more from this author.
Nancy Edwards
Nancy Edwards May 19, 2024
Such a great read. I got really invested in the main character's journey. Everything just clicked for me. Would probably read it again at some point.
Steven Roberts
Steven Roberts December 08, 2024
Pretty good overall. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. Still a good book.
Nicholas Taylor
Nicholas Taylor May 27, 2025
I liked it for the most part. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. A solid 4 stars from me.
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Ryan Martinez March 26, 2025
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Matthew Edwards
Matthew Edwards August 30, 2024
Finished it in a couple of days. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Glad I picked this up.
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Gary Baker
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Sarah Lewis August 14, 2024
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Christopher Cruz
Christopher Cruz April 25, 2025
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Charles Davis January 29, 2024
Honestly one of the better books I've read lately. I loved how the story unfolded. It kept me guessing without being too confusing. Definitely recommend it if you like this genre.
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Glad someone recommended this to me. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
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Donald Phillips
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I liked it for the most part. I liked the main character, though some of the side plots were just okay. Not bad at all.
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Really enjoyed this one. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Worth the time and money.
Lisa Phillips
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Honestly one of the better books I've read lately. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Would probably read it again at some point.
Cynthia Wright
Cynthia Wright March 18, 2024
Pretty good overall. I liked the main character, though some of the side plots were just okay. Still a good book.
Kenneth Hill
Kenneth Hill January 23, 2025
Glad someone recommended this to me. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Would probably read it again at some point.
Sharon Harris
Sharon Harris July 06, 2025
Finished it in a couple of days. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
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Honestly one of the better books I've read lately. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Definitely recommend it if you like this genre.
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Margaret White November 22, 2025
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Honestly one of the better books I've read lately. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
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Jennifer Martinez February 22, 2025
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Susan Robinson
Susan Robinson April 22, 2024
A very satisfying read. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. Definitely recommend it if you like this genre.
Jacob Reyes
Jacob Reyes July 06, 2024
A very satisfying read. I got really invested in the main character's journey. Everything just clicked for me. Worth the time and money.
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A very satisfying read. I got really invested in the main character's journey. Everything just clicked for me. Will be looking for more from this author.
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Glad someone recommended this to me. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
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Really enjoyed this one. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. A solid 5/5 for me.
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Finished it in a couple of days. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Would probably read it again at some point.
Christopher Cruz
Christopher Cruz June 16, 2024
A solid read. Interesting premise and executed fairly well. Just a few slow chapters here and there. Still a good book.
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Sharon Thompson June 02, 2024
Finished it in a couple of days. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Worth the time and money.
Ryan Adams
Ryan Adams September 28, 2024
I was pleasantly surprised. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. A solid 5/5 for me.
Matthew Jones
Matthew Jones November 12, 2024
I was pleasantly surprised. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Will be looking for more from this author.
Rebecca Smith
Rebecca Smith February 06, 2024
I was pleasantly surprised. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Worth the time and money.
David Hernandez
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Finished it in a couple of days. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
Joseph Edwards
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Charles Williams
Charles Williams March 23, 2024
It was okay. It had some good moments, but the overall plot felt a bit disjointed in the second half. Probably won't read it again, but it was an okay way to pass the time.
Nancy Campbell
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Good, but not quite perfect. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. Still a good book.
Jessica Clark
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It was okay. It had some good moments, but the overall plot felt a bit disjointed in the second half. A generous 3 stars.
Jacob Garcia
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Honestly one of the better books I've read lately. The pacing was spot on and the characters felt real. I didn't find myself getting bored at any point. A solid 5/5 for me.
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Glad someone recommended this to me. The author did a great job wrapping everything up at the end. No weird plot holes left behind. Glad I picked this up.
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Finished it in a couple of days. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Glad I picked this up.
Robert Baker
Robert Baker April 05, 2025
A very satisfying read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Will be looking for more from this author.
Joseph Ramirez
Joseph Ramirez March 07, 2024
Finished it in a couple of days. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
Kevin  Davis
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Pretty good overall. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. A solid 4 stars from me.
Deborah Allen
Deborah Allen May 26, 2024
Took me a few chapters to get into it, but it was worth it. I liked the main character, though some of the side plots were just okay. A solid 4 stars from me.
Jessica Clark
Jessica Clark August 29, 2024
Such a great read. I loved how the story unfolded. It kept me guessing without being too confusing. Would probably read it again at some point.
John Wilson
John Wilson August 19, 2025
I was pleasantly surprised. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Will be looking for more from this author.
Margaret Hill
Margaret Hill July 23, 2024
An average read for me. It felt a bit repetitive in the middle. Could have been shorter. A generous 3 stars.
Edward Walker
Edward Walker October 13, 2025
Finished it in a couple of days. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Would probably read it again at some point.
Stephanie Thompson
Stephanie Thompson January 27, 2025
Finished it in a couple of days. The writing style is very engaging. It’s easy to follow but still has a lot of depth. A solid 5/5 for me.
Kimberly Collins
Kimberly Collins June 18, 2025
A solid read. It held my attention, even if a few things were a little predictable. Still a good book.
Jennifer King
Jennifer King November 07, 2025
I was pleasantly surprised. I loved how the story unfolded. It kept me guessing without being too confusing. Glad I picked this up.
Cynthia Lopez
Cynthia Lopez December 13, 2025
Finished it in a couple of days. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Would probably read it again at some point.
Charles Baker
Charles Baker January 30, 2024
Good, but not quite perfect. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. Still a good book.
Edward Miller
Edward Miller January 30, 2025
I liked it for the most part. Writing is good, just wish there was a bit more depth in certain parts. Still kept my attention though. Enjoyable weekend read.
Steven Johnson
Steven Johnson December 27, 2024
Glad someone recommended this to me. I got really invested in the main character's journey. Everything just clicked for me. Glad I picked this up.
Christopher White
Christopher White October 06, 2025
Such a great read. I loved how the story unfolded. It kept me guessing without being too confusing. Would probably read it again at some point.
Jennifer Lee
Jennifer Lee December 01, 2025
Took me a few chapters to get into it, but it was worth it. The middle dragged a tiny bit, but the ending totally made up for it. Enjoyable weekend read.
Nancy Campbell
Nancy Campbell January 23, 2024
Finished it in a couple of days. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Would probably read it again at some point.
Eric  Parker
Eric Parker February 01, 2025
Such a great read. I got really invested in the main character's journey. Everything just clicked for me. Will be looking for more from this author.
David Nguyen
David Nguyen November 29, 2025
I was pleasantly surprised. I loved how the story unfolded. It kept me guessing without being too confusing. A solid 5/5 for me.
Ryan Lopez
Ryan Lopez September 01, 2025
Really enjoyed this one. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Worth the time and money.
Kenneth  Parker
Kenneth Parker September 25, 2025
Finished it in a couple of days. The author did a great job wrapping everything up at the end. No weird plot holes left behind. A solid 5/5 for me.
Thomas Jones
Thomas Jones November 27, 2024
Such a great read. The author did a great job wrapping everything up at the end. No weird plot holes left behind. A solid 5/5 for me.
Nicholas Nguyen
Nicholas Nguyen March 10, 2025
Such a great read. I got really invested in the main character's journey. Everything just clicked for me. A solid 5/5 for me.
Sarah Sanchez
Sarah Sanchez July 20, 2024
It was just alright. The pacing was a bit slow and I found myself skimming a few pages. It wasn't terrible, just okay. Probably won't read it again, but it was an okay way to pass the time.
Carol Ramirez
Carol Ramirez May 25, 2025
Finished it in a couple of days. I got really invested in the main character's journey. Everything just clicked for me. Would probably read it again at some point.
Joshua Wright
Joshua Wright June 19, 2025
It was okay. The pacing was a bit slow and I found myself skimming a few pages. It wasn't terrible, just okay. Might work better for someone else, just wasn't completely for me.
Christopher Hall
Christopher Hall February 12, 2025
Pretty good overall. Interesting premise and executed fairly well. Just a few slow chapters here and there. I'd probably recommend it to a friend.
Steven Smith
Steven Smith February 22, 2024
It was just alright. The writing was fine, but I didn't feel very connected to the characters. They felt a bit flat. Just right down the middle.
Kenneth Anderson
Kenneth Anderson February 17, 2024
I was pleasantly surprised. I loved how the story unfolded. It kept me guessing without being too confusing. Would probably read it again at some point.
Jacob Baker
Jacob Baker April 15, 2025
Such a great read. I loved how the story unfolded. It kept me guessing without being too confusing. Will be looking for more from this author.
Gary Nguyen
Gary Nguyen September 25, 2025
Honestly one of the better books I've read lately. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Will be looking for more from this author.
Jennifer Torres
Jennifer Torres February 22, 2024
Pretty good overall. The middle dragged a tiny bit, but the ending totally made up for it. Still a good book.
Jessica Collins
Jessica Collins January 02, 2024
I was pleasantly surprised. I loved how the story unfolded. It kept me guessing without being too confusing. Would probably read it again at some point.
Daniel Reyes
Daniel Reyes May 09, 2024
Pretty good overall. The middle dragged a tiny bit, but the ending totally made up for it. Enjoyable weekend read.
Carol Baker
Carol Baker October 05, 2024
Such a great read. The writing style is very engaging. It’s easy to follow but still has a lot of depth. Glad I picked this up.
Donna Baker
Donna Baker December 25, 2024
Honestly one of the better books I've read lately. It has a good balance of dialogue and description. Everything felt like it moved at the right speed. Worth the time and money.
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