Sentences with phrase «less housing wealth»
«This translates into $ 1.25 trillion less housing wealth than expected nationally over the coming three years.»
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«When house prices declined, ushering in the global financial crisis, many households saw their wealth shrink relative to their debt,» its authors observed, «and with less income and more unemployment, found it harder to meet mortgage payments.»
Baby boomers have most of the wealth and the housing, so «millennials are doing less well than their parents at the same age.»
While income from pensions and individual savings programs designed to provide retirement incomes are obvious inclusions, the appropriate way to treat housing and other forms of non-pension wealth is less obvious.
What's gotten a lot less attention is the huge slide in wealth that started well before the housing market cratered in 2007.
Overall the result would be that households would own a little less of the nation's housing wealth and the financial sector, awash with money from quantitative easing, would take on a little more.
«To own one's own house, or business, or the capital which produced one's retirement income extended freedom of choice, gave people a stake in the nation's wealth, and required less tax - payer's money to be spent on them.
A feature of the itinerary is the cruise through the famous Three Gorges on the Yangtze River, on the prestigious MV Century Paragon, and a visit to the lesser - known gem of Pingyao, with its wealth of historic courtyard houses, shops and temples, surrounded by one of China's few intact Ming city walls.
The city also contains a wealth of more modern, but no less impressive, buildings; the Teatro Grande opera house was built in honour of Napoleon Bonaparte, and this is reflected in the richly decorated interiors, whilst the Biblioteca Queriniana contains a number of rare manuscripts, including some early works by Dante.
Since home equity is a major source of wealth for most owners, sharply lower house values make owners feel less wealthy and therefore less likely to spend in general and on improvements in particular.