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Fed Says Family Wealth Plunged 38.8% in 2007-2010 on House Values

By tovarichpeter   Follow   Mon, 11 Jun 2012, 12:08pm   599 views   8 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.bloomberg.com/news/2012-06-11/fed-says-family-wealth-plunged-38-8-in-2007-2010-on-home-values.html

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1. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,036 comments Pleasanton, CA Premium

   1   12:13pm Mon 11 Jun 2012   Share   Quote   Permalink   Like   Dislike   If it wasn't for the renter population the number would be much worse.

2. EBGuy Follow Befriend 4 threads 2,099 comments

   2   1:40pm Mon 11 Jun 2012   Share   Quote   Permalink   Like   Dislike   Median debt burden for all families decreased -- who said jingle mail is a bad thing?

3. HEY YOU Follow Befriend (4) 335 threads 923 comments

   3   2:03pm Mon 11 Jun 2012   Share   Quote   Permalink   Like   Dislike   Gerald Celente said When people lose everything & have nothing left to lose, They lose it.

4. Michinaga Follow Befriend (2) 3 threads 283 comments

   4   2:15pm Mon 11 Jun 2012   Share   Quote   Permalink   Like   Dislike   An estimate of what a house would sell for, if it were to be sold, shouldn't count as "wealth".

5. tatupu70 Follow Befriend (3) 15 threads 5,653 comments

   5   2:35pm Mon 11 Jun 2012   Share   Quote   Permalink   Like   Dislike   Michinaga says An estimate of what a house would sell for, if it were to be sold, shouldn't count as "wealth". Do you count your stock holdings as wealth?

6. Call it Crazy Follow Befriend 229 threads 2,790 comments

   6   2:41pm Mon 11 Jun 2012   Share   Quote   Permalink   Like   Dislike (1)   Michinaga says An estimate of what a house would sell for, if it were to be sold, shouldn't count as "wealth". Would you feel better if they called it "asset value"??

7. toothfairy Follow Befriend 40 threads 856 comments Oakland, CA

   7   3:14pm Mon 11 Jun 2012   Share   Quote   Permalink   Like   Dislike   The definition of wealth is how many days can you survive with your current expenses if you stopped working today? so I guess stocks would count but most people would blow through that money pretty quickly.

8. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   8   3:15pm Mon 11 Jun 2012   Share   Quote   Permalink   Like   Dislike   tovarichpeter says Fed Says Family Wealth Plunged 38.8% someone sober should at the FED should simple say it ... "cant lose what you never had"... Good luck trying to recover lost wealth from the tech stock bubble of the late 90s.