3 ms·
The centralisation in real estate is on the gov-backed mortgage side. We should end the thirty year mortgage and require home owners to purchase debt in the pr
by someguydave 3y ago
The centralisation in real estate is on the gov-backed mortgage side. We should end the thirty year mortgage and require home owners to purchase debt in the private market.
- epistasis 3y agoI am so glad to hear somebody proposing this! I support these ideas 100%, though I had not been bold enough to say it before. Ending the mortgage interest tax deduction would also be a good move. It does nothing but subsidize larger mortgages and asset price inflation.
- thfuran 3y agoI think these are probably good ideas but terrible first moves. We need to build a lot more housing before doing things that'll make a lot of people a lot less able to afford the houses they already own or purchase other housing.