3 ms·

My understanding is that most houses in the US are owned by the people who live in them.

• a_wild_dandan 3y ago
  Moreover, it's irrelevant. Demand vastly overshadows supply, hence the insane prices. That's it. There isn't remotely enough of a basic human need. Everything else is window dressing until we address that fundamental, econ. 101 problem.
  • rcpt 3y ago
    Demand would go way down if the government would stop favoring real estate investment with ridiculous tax incentives. Mortgage interest deduction 30 year fixed rate mortgage Opportunity zones 1031 exchanges Deprecation deduction The list goes on forever and none of it helps
    • seanmcdirmid 3y ago
      The mortgage tax deduction is basically dead for most of us since Trump’s tax reform that raised the standard deduction way above what most people would get from tax deductible interest. At least until 2025, unless something changes.
      • rcpt 3y ago
        > basically dead. It should be properly dead.
        • seanmcdirmid 3y ago
          Yes, that would be the right decision, not necessarily what middle class voters want, but what they need.