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Letter: Must Homeowners Lose Wealth When House Prices Fall?

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Author Info
Eric Rasmusen (Kelley School of Business, Indiana University)

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Abstract

Paradoxically, Eric Rasmusen argues that a fall in house prices might actually raise the wealth of homeowners.

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File URL: http://www.bepress.com/cgi/viewcontent.cgi?article=1185&context=ev
File Format: application/pdf
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Publisher Info
Article provided by Berkeley Electronic Press in its journal The Economists' Voice.

Volume (Year): 3 (2006)
Issue (Month): 4 ()
Pages: 8
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:bep:evoice:3:2006:4:8

Note: oai:bepress:ev-1185
Contact details of provider:
Web page: http://www.bepress.com

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords: housing bubble burst wealth consumption

Statistics
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This page was last updated on 2008-11-20.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.