SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GST who wrote (75624)12/14/2006 11:56:52 AM
From: John Vosilla   of 110194
 
I think much of the excitement was someone with zero net worth all the sudden felt well off when his Tampa house went from $125k to $225k in only three years. Of course it will take him a while to realize that isn't going to take him very far and it is evaporating as we speak.

Now the incredible appreciation in CA where someone gained an extra half million is a real lifestyle change for middle class folks who cash out.

I'd venture to say the incremental benefit to consumer spending from that first $100k or so for the average Joe is enormous far surpassing the wealth effect anywhere else....
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News