8 ms·

There are so many housing incentives (tax-breaks, etc.) designed to encourage home ownership a very simple solve would be to ensure those only apply to owner-oc

There are so many housing incentives (tax-breaks, etc.) designed to encourage home ownership a very simple solve would be to ensure those only apply to owner-occupied housing and limited to a single home per household.

themitigating 4y ago
Then people would decry socialism, big government, or excessive regulation.
- safety1st 4y ago
  Who are "people?" Is this where we hate for a few minutes on libertarians? Republicans? The unwashed American majority? Emmanuel Goldstein?
deleted 4y ago
[deleted]
sokoloff 4y ago
Companies are charged taxes on their profits. The interest on money borrowed in furtherance of a business is just like any other business expense: deductible. The owner-occupied mortgage interest deduction serves to put owner-occupants onto the same footing as businesses; it’s not an incentive that gives them preference, but rather (closer to) equal footing.
BeetleB 4y ago
As another commenter pointed out - most tax incentives for living in a home you own do not apply to investors. Investors get those benefits "for free" because they are a business and all the costs of running a business are deductible. The incentives you speak of actually puts regular folks on a more even footing as corporate folks. Stuff like bonus depreciation - yeah, let's get rid of that. Or 1031 exchanges. Regular folks cannot benefit from it.