4 ms·
Traditional mortgages do not transfer any of the externalities mentioned in the article to the banks. The sense in which the banks "own" the property does not
by mgraczyk 11y ago
Traditional mortgages do not transfer any of the externalities mentioned in the article to the banks. The sense in which the banks "own" the property does not detract from the argument.
- TheSpiceIsLife 11y agoYes, because the mortgagor (banks / etc) don't own the property. They just have a lien on it.