tag:blogger.com,1999:blog-6276436620527782297.post8773958480901111998..comments2023-08-12T07:55:32.551-07:00Comments on Jubilee Year -- Cancel Our Debt: How Mortgage Jubilee WorksJustinhttp://www.blogger.com/profile/01023125641719686613noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6276436620527782297.post-65126952246505353202010-10-12T07:18:14.310-07:002010-10-12T07:18:14.310-07:00So I have worked over ten years to develop my smal...So I have worked over ten years to develop my small set of rental propoerties, upon which my family relies for income and hoped for retirement, and you will take away three months of rent and throw me into bankruptcy? Interesting moral hazard you create for the future, too... why pay a mortgage, make investments, or maintain a property or grow a rental business when sooner or later the government will take it away through intervention?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-65321222569737599732009-02-18T23:38:00.000-08:002009-02-18T23:38:00.000-08:00Good question, David. There are 130 million "hous...Good question, David. There are 130 million "housing units", but I suspect that includes apartments. The 55 million is specifically single family homes. It would be nice to find out how many homes are paid for, free and clear of mortgage.Justinhttps://www.blogger.com/profile/01023125641719686613noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-62938563666351833702009-02-18T12:52:00.000-08:002009-02-18T12:52:00.000-08:00Thanks, very interesting. And I think I buy your b...Thanks, very interesting. And I think I buy your basic argument that this is the best way "out" of the mess we're in. One question, if there are 130 million homes and only 55 million mortgages, what's with the other 75 million? Certainly that many people don't outright own their homes, or do they? Or am I missing something else?<BR/>DavidDavid A. Smithhttps://www.blogger.com/profile/16630709363917893031noreply@blogger.com