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by bojan
141 days ago
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The home is the largest asset, but the one you're living in. I personally agree with the other guy, I'd happily support a housing market crash, artificially induced if needed. However, it's more nuanced. I can support risking that my house gets less worth than my mortgage, because I consider the probability of not being able to pay off my mortgage very low. I am guessing that people who feel less secure financially do see a house as a last-resort asset, even at the price of their children not being able to afford a home. And that's the root cause that should be fixed with policy I think. |
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