In March, Rob Atkinson pointed out that the housing bubble resulted not so much in wealth destruction so as in wealth transfer -- from homeowners to buyers, which also means from the older and wealthier to the younger and less wealthy.
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The great wealth transfer
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In March, Rob Atkinson pointed out that the housing bubble resulted not so much in wealth destruction so as in wealth transfer -- from homeowners to buyers, which also means from the older and wealthier to the younger and less wealthy.