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Too much choice
Quote:
Originally posted by Adder
You have a mortgage? If so, shouldn't you sell your house and rent so that you don't have so much debt?
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Maybe it would, except that (1) the government distorts my incentives with the mortgage deduction, and (2) borrowing lets me leverage my assets and capture the (recently recockulous here in California) increases in home values all for myself.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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