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We don't have mortgage deductions here in Canada, but the home ownership percentage is nearly the same as in the US. There's many fine reasons, including custo

• eljimmy 11y ago
  You can customize a rental (to an extent), you just need to get approval from your landlord first. Of course it would be purely for the benefit of your day to day life as you wouldn't get anything back out of it (if and when you decide to move). To each his own.
  • VLM 11y ago
    Talk to some landlords about their experiences, if you're judgment proof, nothing you do in a rental ever costs more than the security deposit. At the bigger multi units, if your room is up for replacing carpet or repainting, they simply don't care what you do, they're replacing it all on schedule. When I left my bachelor pad it was up for its decade remodel, they didn't care as long as I didn't bother the neighbors or create a superfund site.
• zurn 11y ago
  Even with that, homeowners get favourable treatment vs renters (if in the rent alternative the landlord pays capital income tax). Some economists propose that this should be fixed by taxing homeowners for the rent that they are virtually paying themselves. It kind of makes sense but would probably not be very popular. See eg http://economix.blogs.nytimes.com/2013/09/03/taxing-homeowners-as-if-they-were-landlords/ http://economix.blogs.nytimes.com/2013/09/03/taxing-homeowne...