Thursday, October 18, 2007

SubPrime Mortgages

Reading this, a cartoon came to mind that I read a few months ago on a liberal blog.

Looking at the cartoon, it is interesting to note the subtext: Everyone is entitled to a house and one cannot be secure without one, but not everyone is able to afford one under reasonable conditions (i.e. without paying astronomical rent). Therefore, everyone should be given a house, either in whole or in part (that is, subsidized), presumably by the government.

That's not exactly what is said, of course, but that is what the message amounts to.

The possibility that not everyone needs a house and that people ought to wait to get one does not appear to be the dominant mode of thought.

That is all.

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