Artificially increasing homeownership makes it harder for people to move because the fixed costs of buying and selling property are substantial, which distorts the labor market by reducing mobility when people are unemployed and could relocate for work.
causalpending
Speaker
Russ RobertsEvidence Quote
“the fixed costs of moving in and out of property are very substantial... we've distorted that choice dramatically by making it so relatively inexpensive to buy a house”
Created: 6/13/2026, 7:04:06 PM
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