Re:The house I was born in sold for $4000
by bradleyjg on Monday May 27, 2013 @11:07PM
(#5777801)
The 30 year fixed mortgage, with a low interest rate and high leverage, is also the product of government subsidies.
The reason it makes sense for a lot of Americans to buy a house is because the government spends an awful lot of money making sure it makes sense. Otherwise economies of scale, differential costs of capital, and risk-free returns from diversification would lead to a very different picture.
The reason it makes sense for a lot of Americans to buy a house is because the government spends an awful lot of money making sure it makes sense. Otherwise economies of scale, differential costs of capital, and risk-free returns from diversification would lead to a very different picture.