Posted by: Michael Mandel on May 26
David H comments that “So, try to make the case to me that Tech is a better place to spend my money.”
Well, David, I can’t make that case as long as mortgage rates stay so low and home values keep going up. But that’s the whole point. Ultimately, we’d all be better off if just a bit of the $700 billion being used for residential investment—up from $500 billion just 3 years ago—was shifted to building out the broadband network instead. Spending $700 billion on housing is just a bad use of resources.
Incidentally, David has a wonderful website called “The Symphonic House.”
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