How Government Manipulation Is Destroying Housing Markets - Free Markets with Anam Paiseanta
In this video, I sit down with real estate investor, inventor, author and anarchist Anam Paiseanta to talk about how government manipulation and control in the markets (specifically the housing market in this video) only perpetuates problems and inflates volatile, dangerous bubbles.
Today, we are seeing the repeat of what we saw on even a smaller scale back in 2006-2007 leading up to the housing bubble burst. Collateralized debt obligations, mortgage backed securities. On top of this we're seeing vast regulations and taxation stifling competition and destroying free market demand.
Anam goes into why the markets (you the individual) runs much better naturally, without the hand of the state. He also goes into when to buy, why no market is a bad market if you know what you're doing and why your house is NOT an asset.
Anam is the author of the book "Three Friends Free: A Children's Story Of Voluntarism" which seeks to teach children about freedom as public schools attempt to brainwash them into the cult of state.
See the FULL video interview here:
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Fantastic interview. I really like Anam's comment that "people need houses". With proper care, you can really set up a long term investment portfolio that delivers somewhat "passive" income for the rest of your life. Best of all, "there is no bad market for real estate" if you know what you are doing.
Thanks! Yeah, Anam has a lot of great insight! :)
"Government rewards bad ideas." Exactly. Government, itself a bad idea, perpetuates more bad ideas.
Exactly!
Good article thanks, unfortunately it's not just the housing market that the government is manipulating, cheers mike
The governments are just the best organized and the most violent gangsters.
A special article reveals the complicity of governments in harming the housing market
I am patiently waiting for the downturn to buy. On my street a 2br condo is going for 1.2 million
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Owning a house with a big mortgage is not an asset; it is a liability. Sometimes I wonder why a system is not in place for every to own a house without a 30-year mortgage.
Thanks for share.