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 (850 views)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies