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A comment on California’s housing crisis: how a bureaucrat pushed to build. Parent comment
https://www.dartmouth.edu/~wfischel/Papers/00-04.PDF
When all your wealth is tied up in a single leveraged asset anything that might lead to a big change in it is more risk than most people will tolerate.
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https://www.dartmouth.edu/~wfischel/Papers/00-04.PDF
When all your wealth is tied up in a single leveraged asset anything that might lead to a big change in it is more risk than most people will tolerate.