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A comment on The Terrifying Reality of Long-Term Unemployment. Parent comment

Re:The Terrifying Reality of Long-Term Unemployment by jngreenlee on Monday April 15, 2013 @06:23PM (#5554833)
One additional negative to home ownership is transaction costs. Real Estate agents, laywers, lenders, title companies all get you comin' and goin'. They love churn!

I like redfin.com as a market changer in this space. Check them out!

[ Parent | on HN ]
Re:The Terrifying Reality of Long-Term Unemployment by stretchwithme on Monday April 15, 2013 @06:34PM (#5554885)
Of course. The real estate lobby is behind all these programs, and the propaganda about home ownership.

Many people would be better served renting. All of the incentives are actually causing us to spend a lot more on housing than we otherwise would have, capital that is being diverted away from building productive industries.

Which is fine, since we are letting China have all that stuff anyway. We have all the empty houses and the debt to brag about.

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