Tag: mortgage interest deduction
-
The mortgage interest deduction is welfare for the upper middle class
The mortgage interest deduction overwhelmingly benefits high earners while doing little for homeownership rates. The honest description is upward-redistributive welfare.
-
The mortgage interest deduction is upper-middle-class welfare
The mortgage interest deduction is sold as help for homeowners. In reality, it disproportionately benefits high earners and inflates housing prices.