Latest Breaking News

Every time the government gets involved in housing, it turns into a subsidy for home builders. The government has done this in the 80’s and 00’s, and it ended badly both times.

The government should normalize the tax advantages of owning a home between investors and residents. Since about 90% of taxpayers use the standard deduction, mortgage interest is effectively no longer tax deductible for most Americans. This gives investor owners a tax advantage, and subsidy, when buying a house, because interest is always tax deductible for investment.

Either make mortgage interest tax deductible for all or for none. That would even the playing field.