2 ms·
If the extraction of rent over the long term is an issue, do you also consider the extraction of mortgage interest by out-of-state entities to be a similar prob
by nickff 4y ago
If the extraction of rent over the long term is an issue, do you also consider the extraction of mortgage interest by out-of-state entities to be a similar problem? This is how investments work, people inject money in now, in the hopes of returns later; the hope is that in the meantime, the locals benefit, and are able to create the foundations of longer-term success.
- itake 4y agoI agree interest rates extract value, but that doesn't mean that its ok for rent to leave the local economy too.