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Maybe: nothing propels the credit mechanism as the mortgage market
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True. Interesting etymology:
mortgage
late Middle English: from Old French, literally ‘dead pledge’, from mort (from Latin mortuus ‘dead’) + gage ‘pledge’.
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Etymology is always treacherous
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I think I'd like that engraved on my tombstone when I go.
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Why is it that second home owners expect the government to support their 'investments' by continuing with special discounted capital gains? Everyone else has had capital gains their threshold slashed in half for a few years consecutively.
https://www.telegraph.co.uk/money/property/second-homes/owning-second-home-no-longer-worth-it/
Genuine question.