I’ve talked about it in a number of episodes, I’ll try to dig one up. But maybe this would make a fun video by itself. I’ll try to boil it down to as simple an explanation as I can if I do.

But exploring the effects are fascinating and this isn’t even one of the crazy ones. Due to 30 year financing being below the cost of its resources, actually alters how cities grow and migrate. It’s a huge part of the flow of wealth from the center to the outskirts of the city in suburbs and the like. A great book that talks about how and why the model for these is based on misinformation (ironically an author who also didn’t quite understand how potent a role money was playing) is “Strong Towns” by Charles Marohn. Another fun read about this type of topic if it interests you.