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These guys have obviously spent their adult lives in University provided housing.
Jul 06 12:07 pm
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All Comments by rogersails »A trio of economists says the much-touted housing-wealth effect - the impact that home value has on consumer spending - is widely misunderstood. It's not about feeling less wealthy, or even the downfall of home-as-ATM, but rather that home-price changes are a proxy for people's income expectations. [View news story]