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Strategies & Market Trends : Value Investing
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To: Oblomov who wrote (30697)4/18/2008 7:43:17 PM
From: Debt Free   of 78686
 
interesting article

and from the article

And while the direction of the dollar is the biggest driver of nominal home prices, the theoretical fall-off in demand for housing would lead to lower prices that would enable what is an unproductive asset to be purchased with a smaller percentage of total individual wealth.

But isn't society telling us that our houses are an asset and that we should take the equity out to buy the things that we need like Ipods, WII's, etc.

Maybe there is more merit in that article than I first thought....
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