The US housing system is not a market. It's mortgage socialism for the middle & upper class.https://twitter.com/dkmin/status/766436926987509760 …
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great point, but the costs of gov't administering that is a tiny fraction of total ppty taxes paid...
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what do you think it costs to operate schools? Pay for police? Fire?
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...rest of property taxes paid go to funding more gov't, hence gov't interest in socializing mortgage finance
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govt socialized mortgage finance because we had a Great Depression.
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