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  1. faraway friend
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    #1

    housing-equity withdrawal"

    Does "housing-equity withdrawal" in the following senence mean "people don't spend their money on houses" (= people don't buy houses)?

    (Goldman Sachs estimates that total housing-equity withdrawal rose to 7.4% of personal disposable income in 2004.)

    Thank u.

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    #2

    Re: housing-equity withdrawal"

    Housing equity withdrawal refers to the net
    cash flow generated by the household sector
    from transactions in housing assets and
    mortgage debt. If the household sector in
    aggregate increases its mortgage debt by more
    than its net spending on housing assets,
    housing equity withdrawal is said to have taken
    place. This means that housing-related
    transactions have generated a net positive cash
    flow for households which is available for other
    uses.

    http://www.rba.gov.au/PublicationsAn.../bu_0203_2.pdf

  2. #3

    Re: housing-equity withdrawal"

    Sorry. The web page above can't be found.

  3. #4

    Re: housing-equity withdrawal"

    I found the webpage finally.

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    #5

    Re: housing-equity withdrawal"

    Good to hear it- did it help?

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