mpjgregoire, 19 days ago @gedeonm Economists generally believe that the mortgage interest tax deduction in the US has increased housing prices. See https://www.aeaweb.org/articles?id=10.1257/aer.20141751 (This article is aimed at the general public and lists other problems with the policy: https://www.stlouisfed.org/open-vault/2018/may/why-economists-dont-like-mortgage-interest-deduction ) In Canada, we don't have a deduction for mortgage interest, and we have a higher homeownership rate than the US: https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate #uspol #CanPol #housing #economics
@gedeonm Economists generally believe that the mortgage interest tax deduction in the US has increased housing prices. See https://www.aeaweb.org/articles?id=10.1257/aer.20141751
(This article is aimed at the general public and lists other problems with the policy: https://www.stlouisfed.org/open-vault/2018/may/why-economists-dont-like-mortgage-interest-deduction )
In Canada, we don't have a deduction for mortgage interest, and we have a higher homeownership rate than the US: https://en.m.wikipedia.org/wiki/List_of_countries_by_home_ownership_rate
#uspol #CanPol #housing #economics