Episode 267: Solving Housing Affordability by Making It Worse
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Episode 267: Solving Housing Affordability by Making It Worse
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David devotes this week’s Capital Record to the folly of the “game-changing” idea of a 50-year mortgage. He stands within first principles by allowing risk takers to freely transact, but points out the economic reality of how people who believe they get a cheaper house by paying for it over an extra 20 years are, well, wrong.
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