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 Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GraceZ who wrote (31575)5/19/2005 1:58:18 PM
From: CronyRead Replies (1) of 306849
 
RE: is a diversion of resources that has little or no beneficial effect on the economy. Good riddance to it if it busts.

---

But what about the wealth effect it produces? Doesn't US economy depend on consumers that have an ability to use their homes as ATMs. If the RE bubble bursts, how will an average Joe Homeowner with an income of $30K be able to buy all the SUVs and plasma TVs? I think, at this point, the impact on the economy will be huge.
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