Homeowners who refinanced their mortgages took out cash...

Quote by Martin Feldstein about home, time

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.

Martin Feldstein
Quote by Martin Feldstein about home, time.
Martin Feldstein

Martin Feldstein 1939, american Economist

Life period: 1939
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