Right.

by domer.mq , Thursday, July 12, 2018, 07:11 (2108 days ago) @ Mike (bart)

And you didn't even get started on the perverse incentive to borrow more and buy more house (thus making your anchor larger and heavier) b/c of the interest deduction.

(And here I have to admit I 1) bought my house mostly to protect against rising rents, and 2) bought a house I could "easily" afford without those interest deductions.)

We should get rid of systemic support for home ownership. And, despite my love of markets, we should elect state governments that build and support rent controls and aggressive housing authorities. In fact, to go a step further, rent controls at a state level should be such that they also protect businesses from having to go out of business due to success. It's a far too common occurrence these days that a small business - like a restaurant - gains traction, and then the landlord jacks the rent up on the business in hopes of a Starbucks moving in.

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Sometimes I rhyme slow sometimes I rhyme quick.