The Good News Is That Housing Is Slowly Becoming Irrelevant

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		Tech Media Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Monday, June 27, 2011 The Good News Is That Housing Is Slowly Becoming Irrelevant House prices continues to fall, as tomorrow's Case-Shiller data will probably confirm. Here's the good news: House prices are slowly becoming irrelevant. Household equity as a percentage of household net worth is down to 11% from about 23% during the peak, as Citi's Tobias Levkovitch points out. Granted, further falls will hurt, but it's just not the huge chunk it used to be. Read » Also On Money Game Today: 25 US Mega Corporations: Where They Rank If They Were Countries Satellite Images Show Spain's Expensive New Airports Are Empty Too Are Big Tech Stocks A Trap? Routine Bad Weather Costs America $458 Billion In A Year Advertisement CHART OF THE DAY: This Chart Explodes A Key Tenet Of The GOP CHART OF THE DAY: Every Stock Trader Is Watching This Huge Level CHART OF THE DAY: CBO: If Politicians Made No Changes, The Debt Problem Would Go Away Share this: Buzz Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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