Arnold Kling offers his take on the logic of defaulted borrowers contesting foreclosure due to paperwork problems: “… I think this is a popular position to take, because people love to treat banks as villains and borrowers as victims, but I think it amounts to mob rule rather than the rule of law.”
Mob rule versus the rule of law
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Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1,225,000.
