Housing industry problems dragging down economy – Atlanta Journal Constitution
September 15, 2011 by sgtwak
Filed under Home business news
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Housing industry problems dragging down economy
Atlanta Journal Constitution That wealth effect is reversed when home prices fall and people feel poorer. Confidence also spurs spending. Confidence is contagious. So is fear. Many homeowners — even those with good jobs — are no longer able to use their home equity as a backstop … |
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