Tuesday, Dec 08, 2009
House Price Do Not Affect a Nation's Wealth
Mises Economic Blog: "Nobody" Wants More Foreclosures?
"The real estate lobby seems to have won a permanent propaganda victory over economics journalists on the dangers of falling prices in real estate."
As a nation, if we borrow money on the liabilty side of our balance sheet, and house prices rise on the asset side as a result, no wealth has been created.
Posted by ontheotherhand @ 01:33 PM (452 views) Add Comment
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