Thursday, December 6, 2007

Will A Fall in House Prices cause a Recession?

A reader, Rob, offered an interesting comment about the relationship between house prices and consumer spending. From: drop in UK house pricesWhy will a drop in house prices effect consumer spending, this has not occurred in the U.S. The only effect a house price drop will have is to stop consumers increasing their borrowing against [...]

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[Source: Mortgage Blog]

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