From: Amara Graps (Amara.Graps@mpi-hd.mpg.de)
Date: Fri Oct 19 2001 - 07:50:56 MDT
J. R. Molloy:
>So, the answer is: Everyone needs to own their own home. Then they'll have a
> stake in the welfare of their communities. Big deal...
It's a big deal if banks, mortgage companies,etc. inside and outside
of the owner's city, region, country ... recognize it as one's own
property.
Owning your own home means absolutely nothing, asset-wise, if noone
around you accepts/recognizes it as your property. (That's one of the
big problems, as I understand it, about why these people, who do
indeed own their own property, cannot turn it into something of value
to their economic lives.)
Amara
--
************************************************************************
Amara Graps, PhD | Max-Planck-Institut fuer Kernphysik
Heidelberg Cosmic Dust Group | Saupfercheckweg 1
+49-6221-516-543 | 69117 Heidelberg, GERMANY
Amara.Graps@mpi-hd.mpg.de * http://www.mpi-hd.mpg.de/dustgroup/~graps
************************************************************************
"Never fight an inanimate object." - P. J. O'Rourke
This archive was generated by hypermail 2.1.5 : Sat Nov 02 2002 - 08:11:30 MST