Living the vida-HELOC'a
Interesting piece on the impact of past and future MEW behavior on the economy over at RGE today (which if you don't read, you should!)
His contention is that the marginal propensity to consume from each dollar of home equity "wealth" is from $0.045 - $0.16 - and that this going away will throw a real monkey wrench into the economy.
Anyone have any good HELOC stories?
His contention is that the marginal propensity to consume from each dollar of home equity "wealth" is from $0.045 - $0.16 - and that this going away will throw a real monkey wrench into the economy.
Anyone have any good HELOC stories?
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