“If you rent, that's it. You don't have to pay any interest to anybody. You don't have to pay any maintenance costs to anybody. You don't have to worry about whether the boiler is going to break down. While if you own your own home, you have a hundred aggravations.”

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Originally said in English.

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About Edmund Phelps

Edmund Phelps is quoted here; further biographical details are not publicly available.

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"If you rent, that's it. You don't have to pay any interest to anybody…" — Edmund Phelps | Daily Quotes