2025-05-07
6 分钟Hi, this is Ethan Wu,
co-host of Money Talks,
our business and finance podcast.
Welcome to Editor's Picks.
We've handpicked an article we recommend
from the most recent edition of The Economist.
I hope you enjoy it.
As financial decisions go,
borrowing several times your annual earnings to buy a risky asset
is a pretty big one.
Yet for many people,
taking out a mortgage to buy a house is something of a no-brainer.
It generally involves less agonising than, say,
how much to save for retirement
or how to split your pot between cash, stocks and bonds.
One reason is that some short-lived slumps aside,
House prices across the rich world have been buoyant since the 1950s.
More important, you need to live somewhere.
Until you own a place,
you have a natural short position in property