"Aggregate level" is kind of limbo here,



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送交者: fengcu2000 于 2005-5-11, 17:29:06:

回答: answer to the first question 由 Enlighten 于 2005-5-11, 16:32:09:

Cheaper house will make a few rich people who buy many houses to speculate poorer, but will make people (a mcuh larger population) who want to buy a house to live "richer," becuase they can save cash to buy other stuff.

Of course, if the mortgage rate shoots high, the story is different.



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