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Real Estate
Reply to "Should current homeowners wish for home values to decline?"
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[quote=Anonymous]I think we need to shift the mindset from the home as an asset and forced savings to more consumption - it is simply a place you live. So much of our policy is dictated by maintaining the value of this highly illiquid asset. Homeowners want it all - they want their home price to be high, they want their property assessment to be lower, they don't want to build more in the neighborhood, and want to be able to get money out. [/quote]
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