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The housing crisis is how we convince more people to work more jobs for the benefit of retirees. The cash flows towards rent winds up in the pockets of real est
by ThrustVectoring 8y ago
The housing crisis is how we convince more people to work more jobs for the benefit of retirees. The cash flows towards rent winds up in the pockets of real estate owners, and the cash flow from mortgage payments winds up in Agency bonds largely owned by retirees.