Walking the Millionaire's Path: A slowdown in home appreciation slows down spending

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Monday, December 4, 2006

A slowdown in home appreciation slows down spending

I have read that in couple of articles lately. The housing boom stopped and spending has slowed down because of it. What is the link between the two? My house has probably appreciated a bit but it hasn't changed my spending habits. If the value of my house went down, it wouldn't change my spending... Sign in to see full entry.