“So it's a big disincentive effect for existing homeowners…” — Cato Audio at 52:21
“So it's a big disincentive effect for existing homeowners to put their homes on the market, which, of course, decreases housing availability for people who start up. Because the way the housing market, of course, works is you buy up and you sell down the housing ladder, if you will. So, yeah, it has, again, I hate to…”
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