This source indicates that in 2007 the mortgage debt was $10.5 Trillion. http://mwhodges.home.att.net/nat-debt/debt-nat-a.htm

Somewhere between 126 and 161 million mortgages in USA from information 1/16/08 on foreclosures. Total owed is a couple of trillion of either loss of value this is roughly equal to the loss on the US stock market. At 6 percent for 30 years the value of all homes in the USA is mere 35 trillion. The real question is what is the total capital investment needed to produce the income needed to pay the mortgage etc. Using a 40 year capitalization period (ROI 2.5%) everyone in the USA will have to work for the next 100 years to fund expenses, shelter and retirement. If I had better numbers the conclusions would not change and the details would delay understanding.

1) I have found another source from 9/2007 having 20.4 and a break down by states, region and metropolotian areas (some of these details do not add up exactly) 2) Another source has 55.4 Million Homes. 3) A US Census 2000 document has the total value of 6.5 Trillion. 4) To pay for the Bush years we need to give 115 million taxpayers a annual raise of 62,000 dollars and then over the next 8 years apply a marginal tax of 20% to generate enough revenues to meet this cost. $11,500,000,000,000 Bush Term Cost $230,000,000 BTC/Taxable Population with 50,000 income $100,000 With 115,000,000 Payers to be Taxed this is the amount (cost) over 8 years $12,500 x/8 Amount of tax per year over 8 years $62,500 5x Average tax rate of 20% needs 5 times in income to generate $5,750,000 Payed by the 2 Million in the Inaugural $230,000,000,000,000 These raises could cost business and government works alike assuming a 5% return on invested captial $20,500,000,000,000 2007 Compare with total worth of all homes in the USA compare with ($35T with $13T as mortgages and 2 Trillion Recent Loss) Note all these numbers are hard to get so please supply what have, since these problems really can't be this bad?