This funnels even more capital into real estate as an asset class. Or it's an intermediate step to Georgism? https://twitter.com/bhorowitz/status/775768751941623808 …
but $10 trillion of the world govt bonds trading w/ negative yields. Meanwhile you've got an asset class that is kept
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intentionally scarce by local zoning laws, has prop tax capped, exempt from cap gains, $195B of federal subsidies
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I think you and I mostly agree :) Except I'd argue debt is particularly bad for consumers (way to risky).
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