> The solution begins with the removal of homeownership from its long-privileged place at the center of the U.S. economy. Substantial incentives for homeownersh

> The solution begins with the removal of homeownership from its long-privileged place at the center of the U.S. economy. Substantial incentives for homeownership (from tax breaks to artificially low mortgage-interest rates) distort demand, encouraging people to buy bigger houses than they otherwise would. He's right, but getting rid of that those deductions is a political non-starter. There's no way it could ever pass (as he mentions, home ownership is 70% of the population, good luck with that). If anything, politicians seem to be doubling-down on homeownership in this recovery, trying to prop up prices in order to recover.