Home › Forums › Housing › Disappearing now: $6 trillion in housing wealth › Yeah, but it is not genuine
Yeah, but it is not genuine wealth.
Real loss in wealth is what has hit bank shareholder whereby dividends per have have been slashed.
A landlord by contrast is still getting his rents, even if the price of the apartment has fallen by half.
A home owner is still getting the benefits of living in his house whether or not it rises or falls in value.
The only people really hit is the housing sector are those forced out because their debt service rises to affordable levels.
In the depression the income generation ability of business was damaged beyond belief. You can’t compare a house price adjustment with that.
