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Housing Wealth Isn't Wealth

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NBER2008-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14204
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资源简介:
A fall in house prices due to a change in fundamental value redistributes wealth from those long housing (for whom the fundamental value of the house they own exceeds the present discounted value of their planned future consumption of housing services) to those short housing. In a representative
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2008-07-01
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