Menu

RealEconTV

Business news without the bullshit

Pushing on a string

The new real estate market

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

$8 trillion in wealth vaporized

For the last few decades, American equated "wealth and savings" with the equity in their homes.

For the most part, they have no other savings.

So what happens when that equity vaporizes, or worse, the equity becomes a negative number?

When the real estate market was booming, we were told it was a reflection of a healthy economy and that the real estate market fed the total economy by creating demand for all sorts of goods and labor.

Now, few on the boobtube want to contemplate what it means when this engine dies.

For more Real estate videos, click here

See the complete catalog of
real econ tv videos

Legal disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.