In a non-recourse state like California, the optimal housing strategy is obvious: (i) build good relationships with your children so that you trust them with your assets ...
A very inspiring vision for society, no doubt. Once upon a time, this kind of craven materialism would have been looked down upon.
Economics really doesn't have much interest in the complexity of human nature.
1 comment:
Yeah, that's really gross. However, "once upon a time" it was even grosser: your children WERE material "assets".
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