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> subsidizing mortgage interest for homebuyers (mortgage interest deduction) at the expense of all other taxpayers (e.g., renters) If the mortgage interest ded
by jjav 5y ago
> subsidizing mortgage interest for homebuyers (mortgage interest deduction) at the expense of all other taxpayers (e.g., renters)
If the mortgage interest deduction disappeared tomorrow, the landlord's cost to own that house would go up, and every penny of that increase would have to be passed on to the renter.
So while it's true a renter doesn't have that tax deduction, eliminating it isn't going to lower any rents, only raise them.