How Governments Steal | The Lyn Alden Series | Episode 3 (WiM198)
The "What is Money?" Show
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Real Estate Is the Socially Accepted Store of Value
Asasuju: Real estate effectively impossible to hide, therefore pretty easy to tax. Government also can incentivise thatby giving tax braks for mortgages,. They can do various ways to reduce the cost of capital. And so yobis the best type of debt for the typical consumer is low, fixed rate, 30 year mortgage. Ovas in recent months, those rates went up quite a bit. But for the most part, for the past several decades, mortgage debt has been this kind of cheap, safe type of debt that a consumer can use.
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