By subsidizing home ownership the government is encouraging people to go into debt and funnel whatever savings they manage to scrape together after paying inter

By subsidizing home ownership the government is encouraging people to go into debt and funnel whatever savings they manage to scrape together after paying interest into a single depreciating asset rather than a safer, more diversified portfolio. The policy is beneficial to moneylenders and people selling houses, but these things hardly need to be subsidized. Bob and Charlie are the responsible ones.