Fred Foldvary wrote:
> But mutualism is in fact practiced for the equivalent of hotel rooms.
>
> In time-sharing apartments, there are institutionalized ways in which the
> owner of one apartment may swap with another owner in order to stay in a
> place other than one's owned unit. Hence, no need to get that loan.
It's rather inconvenient and I severely doubt it would exist but for the
mortgage-deductibility of interest paid on time shares. It's
particularly inconvenient if you want to visit a place better or worse
than your own. It's the usual problem of barter markets.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"I was so convinced that soon, very soon, by some
extraordinary circumstance I should suddenly become
the wealthiest and most distinguished person in the
world that I lived in constant tremulous expectation
of some magic good fortune befalling me. I was
always expecting that *it was about to begin* and I
on the point of attaining all that man could desire,
and I was forever hurrying from place to place,
believing that 'it' must be 'beginning' just where I
happened not to be."
Leo Tolstoy, *Youth*
