In an influential paper, Mian, Rao, and Sufi (2013) exploit geographic variation to measure the effect of the fall inhousing net worth on household expenditures during the Great Recession. Their widely-cited estimates arebased on proprietary house price and proprietary expenditure data and therefore not easily replicable. We usealternative data on a subset of non-durable goods and on house prices, which are more easily accessible, to replicate their study. When estimating their same specification on our data, we obtain values for the elasticity of expenditures to the housing net worth shock that are virtually indistinguishable from theirs. However, ourrobustness analyses with respect to alternative model specifications yield more nuanced conclusions about theseparate roles of house prices and initial housing exposure/leverage for the drop in expenditures. Moreover,the estimated elasticity is consistent, theoretically and quantitatively, with a simple calibrated model with wealtheffects where leverage and credit constraints play no role.