Commentary by Richard Warren | October 30, 2007The current state of the real estate market has far reaching effects. A homeowner with an adjustable rate mortgage sees his payment go up several hundred dollars but he tightens his belt and is still able to make the payments. He cuts out as much discretionary spending as possible, he doesn’t eat out as often, [...]
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The Economic Trickle Down Effect
by Richard Warren | October 30, 2007The current state of the real estate market has far reaching effects. A homeowner with an adjustable rate mortgage sees his payment go up several hundred dollars but he tightens his belt and is still able to make the payments. He cuts out as much discretionary spending as possible, he doesn’t eat out as often, [...]