3 ms·
I see the deduction of mortgage interest on owner-occupied property as putting prospective owners on closer to equal footing as prospective landlords when compe
by sokoloff 3y ago
I see the deduction of mortgage interest on owner-occupied property as putting prospective owners on closer to equal footing as prospective landlords when competing for housing. (Business interest is a deductible expense.)
I don’t want the net financing costs for a rented property to be significantly lower, which would serve to help a landlord outbid an owner-occupant.
(Yes, there is also a social engineering component, but there’s a practical economics-based argument for it as well.)