Be a short-term pessimist and a long-term optimist. Socialized home ownership. Stubborn scientists win sometimes.
Save like a pessimist, invest like an optimist (Morgan Housel)
A pithy saying that makes a lot of sense. I only wish I had thought of it.
Financing the American home (Net Interest)
The history of the 30 year mortgage. I didn’t realize it is uniquely American.
As with the best stories, a few hardheaded scientists persevered despite others telling them to give up. There’s probably a Nobel prize in it for one or more of these researchers.