Investment diversion and equity release: the macroreconomic consequences of increasing property values
Evans, A.W.
Investment diversion and equity release: the macroreconomic consequences of increasing property values - 1991 - Urban Studies 28(2) April 1991, 173-182 (10) .
Rejects two theories on the effect of rising house prices on the manufacturing sector and illustrates that rising property values increase consumption as property owners believe their wealth has increased through rises in the value of their property.
CONSUMER SPENDING
ECONOMICS
Investment diversion and equity release: the macroreconomic consequences of increasing property values - 1991 - Urban Studies 28(2) April 1991, 173-182 (10) .
Rejects two theories on the effect of rising house prices on the manufacturing sector and illustrates that rising property values increase consumption as property owners believe their wealth has increased through rises in the value of their property.
CONSUMER SPENDING
ECONOMICS