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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Replying to @Peldorskeletor
of course. Tweets are best served pithy and provocative.
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Replying to @kimmaicutler @Peldorskeletor
If one must pay property taxes 4 life on a house, one never actually owns it but merely rents it fr .gov
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Replying to @LukeGromen @Peldorskeletor
without the govt there would be no clear delineation of property rights. Land is a fictitious commodity.
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Replying to @kimmaicutler @Peldorskeletor
...rest of property taxes paid go to funding more gov't, hence gov't interest in socializing mortgage finance
1 reply 0 retweets 0 likes
Replying to @LukeGromen @Peldorskeletor
govt socialized mortgage finance because we had a Great Depression.
9:49 AM - 19 Aug 2016
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