A poll taken last September by the NHP Foundation and reported by Kriston Capps of City Lab that 75 percent of Americans were worried that they could lose their housing in a crisis.…
Econospeak
Three Quarters Of Population Fear Losing Homes, So Fear Dominates Complacency
J. Barkley Rosser | Professor of Economics and Business Administration James Madison University
Three Quarters Of Population Fear Losing Homes, So Fear Dominates Complacency
J. Barkley Rosser | Professor of Economics and Business Administration James Madison University
Ha! We've got them exactly where we want them!
ReplyDeleteAnother great reason to have funny money loans is to artificially "stimulate" house building and sprawl, inflating housing to unsustainable price levels and then blaming it all on "the free market".
ReplyDeleteIf it weren't for dilution of the money supply through fiat funny money, people wouldn't need to find an "inflation hedge" since there wouldn't be any inflation.
Artificially inducing sprawl through government policy is great for climate change too, right?
Plus, it's just really good policy to use the government to artificially increase the price of housing out of the reach of average people, right? And then you can blame that on "the free market".