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>Would anybody seriously argue that not having to pay rent, and not facing with the possibility of eventually getting kicked out [...] does not translate to mor
by intopieces 7y ago
>Would anybody seriously argue that not having to pay rent, and not facing with the possibility of eventually getting kicked out [...] does not translate to more stability[?]
Paul Krugman does. [0]
Subsidies to home ownership increased economic volatility (people spend more when their house is worth more, spend less when its value decreases); weakened financial services; and made labour markets tend to become more rigid. [1]
[0]https://www.nytimes.com/2008/06/23/opinion/23krugman.html https://www.nytimes.com/2008/06/23/opinion/23krugman.html
[1]https://www.economist.com/briefing/2009/04/16/shelter-or-burden https://www.economist.com/briefing/2009/04/16/shelter-or-bur...