His remarks about home ownership are astute - it is depressing how rarely politicians consider the 2nd order effects of their decisions. "Mr. Palyi warned in 1

His remarks about home ownership are astute - it is depressing how rarely politicians consider the 2nd order effects of their decisions. "Mr. Palyi warned in 1938 that a push toward universal home ownership would "make the population fixed to the ground" by "overburdening them with housing costs." That, he foresaw, would limit the mobility of American workers—helping explain why unemployment is so stubbornly high today."