@ryanavent Dean Baker puts wealth effect at 6% http://bit.ly/zE1yg So a 5% rise in housing x $6.3 T housing stock x 6% = $18.9 B...not huge
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@ryanavent Dean Baker puts wealth effect at 6% http://bit.ly/zE1yg So a 5% rise in housing x $6.3 T housing stock x 6% = $18.9 B...not huge