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hornsounder9 t1_it83jid wrote

Reply to comment by hacksoncode in Many countries have a "hidden welfare state" for incumbent homeowners, as governments subsidize homeowners through the tax system. The homeownership welfare state is strongest in the US and other Anglophone countries, but weakest in the Scandinavian countries. by smurfyjenkins

You do understand what an FHA loan is right? And what the definition of “subsidy” is? Try putting those to together and see what you get

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marigolds6 t1_it8noa1 wrote

The article is specifically talking about untaxed imputed rent, not FHA loans.

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Bob_A_Ganoosh t1_it8k5op wrote

Think that's whack, wait till you learn that even a conventional mortgage loan is money *poofed* into existence via the fractional reserve banking system.

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Drisku11 t1_it9yz2j wrote

> fractional reserve banking system.

We haven't had a fractional reserve system for almost 3 years now. The reserve requirement is now zero.

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