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To: curiosity
These economists seem very naive to me.

They claim that we are over-invested in housing because of high home-ownership vs renting. However, if more people were renting instead of owning their own home, there would have to be more landlords who would be investing in more rental property. Same difference.....

14 posted on 01/10/2009 12:00:53 PM PST by expatpat
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To: expatpat
They claim that we are over-invested in housing because of high home-ownership vs renting.

Go read the article again. That is not their argument.

15 posted on 01/10/2009 12:01:58 PM PST by curiosity
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