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Senior woman doing finances at home

Abstract House prices rose 60 percent between 2000 and 2007 before the housing bubble burst.  The question is whether the housing bubble made people better or worse prepared for retirement.  Theory says that infinitely-lived households experience no increase in their real net worth when housing prices increase and would therefore have no reason to borrow…

Senior couple and tecnologies

Introduction House prices rose 60 percent between 2000 and 2007 before the housing bubble burst. The question is whether the housing boom made people better or worse prepared for retirement. If they extracted the equity from their home through some form of housing-related debt and consumed all their borrowings, they will be left with additiona…