> Canada, UK, Australia, NZ aren't that much better I'd argue Australia is even worse, because at least in the US owner occupiers get mortgage interest deducti

> Canada, UK, Australia, NZ aren't that much better I'd argue Australia is even worse, because at least in the US owner occupiers get mortgage interest deductions, in Australia only landlords can do that. Also, in the US residential mortgages are normally no-recourse (if you default you only lose the house), in Australia they are normally full-recourse (if it sells at foreclosure for less than you owe on the mortgage, you still owe that to the lender)