And to think.
A whole lot of the lot values went gonzo
In the recent debacle
The usual assumption seems to be the mortgage " bought " something
Not all of it did
Just as appreciation of lot values above purchase price plus product inflation
hardly represents in and of itself... Anything deserving of protection
If uncle's developed and zoned land trust
bought all the house lots in America
And then charged ground rent
would the mortgage free or low mortgage crowd go along with it ?
