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> People have got to save for retirement somehow.

This is true. But using housing for this is the worst possible way to achieve this.

If Americans want guaranteed retirement security, the government should build them a guaranteed retirement security.

Breaking all housing everywhere, all the time always, is not a sustainable or feasible way to fund retirements.




If Americans want guaranteed retirement security, the government should build them a guaranteed retirement security.

In the UK its the exact opposite - the government actively plundered the private pension funds. People want something tangible.




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