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“Income tax rules also made borrowing against a home’s equity attractive. Because mortgage interest payments can be deducted for income tax purposes, the interest paid on home equity loans could also be deducted, although interest on credit card debt or other debt was not deductible. Therefore it often paid anyone with any other kind of debt to pay off that debt with a home equity loan, whose interest would be deductible for income tax purposes. More and more people began to do this during the housing boom. In 2003, home equity loans totaled $593 billion. Such loans soared during the housing boom, nearly doubling to $1.13 trillion in 2007.”
― The Housing Boom and Bust: Revised Edition
― The Housing Boom and Bust: Revised Edition
“Yet a time is coming and has now come when the true worshipers will worship the Father in the Spirit and in truth, for they are the kind of worshipers the Father seeks.”
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“Nonetheless, by the time we arrive at the eighteenth century and the time of the founders, marriage and the family came to look very much as Aristotle had pictured it. In the previous centuries, Lutheran reforms had lodged marriage into the civil structure of society and made it more a concern of civil law,11 but, joined by Calvin, Protestantism retained parental control over the right of children to marry. John Locke, however, saw marriage as contracted political society, and thus his image of the family as a commonwealth made up of combined individuals parallel his image of the formation of the larger political commonwealth as well.12 Furthermore, Locke declares that parents are, “by the law of nature, under an obligation to preserve, nourish and educate” their children.13 Since government is instituted to enforce the laws of nature, Locke states that government should make laws that enforce “the security of the marriage bed.’’14 What”
― The Meaning of Marriage: Family, State, Market, & Morals
― The Meaning of Marriage: Family, State, Market, & Morals
“The traditional fixed-rate 30-year mortgages, which were once a majority of all mortgages, were no longer a majority during the housing boom, as ARMs and other “creative” ways of financing the purchase of a home grew rapidly to cope with soaring housing prices. Such innovative mortgages quickly went from being rare to becoming common, especially in places with very high housing costs.”
― The Housing Boom and Bust: Revised Edition
― The Housing Boom and Bust: Revised Edition
“It is a plain matter of biological fact that, as Grisez says, reproduction is a single function, yet it is carried out not by an individual male or female human being, but by a male and female as a mated pair. 50 So, in respect of reproduction, albeit not in respect of other activities (such as locomotion or digestion), the mated pair is a single organism; the partners form a single reproductive principle: they become “one flesh.” In response to Posner, Grisez proposes a thought experiment. Imagine a type of bodily, rational being that reproduces, not by mating, but by some individual performance. Imagine that for these beings, however, locomotion or digestion is performed not by individuals, but only by biologically complementary pairs that unite for this purpose. Would anybody have difficulty understanding that in respect of reproduction the organism performing the function is the individual, while in respect of locomotion or digestion the organism performing the function is the united pair? Would anybody deny that the unity effectuated for purposes of locomotion or digestion is an organic unity?”
― The Meaning of Marriage: Family, State, Market, & Morals
― The Meaning of Marriage: Family, State, Market, & Morals
Jason’s 2025 Year in Books
Take a look at Jason’s Year in Books, including some fun facts about their reading.
482 books
|
400 friends
445 books
|
79 friends
897 books
|
179 friends
1,905 books
|
143 friends
521 books
|
42 friends
75 books
|
111 friends
63 books
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1,296 friends
442 books
|
877 friends
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