In response to a question on our real estate post of last week, we decided to try to mine the internet for data on the historical homeownership rate before the series we presented in that article started in the mid-1960s. We found them buried in a recently digitized Census Bureau report from the 1970s(!), helpfully […]
It has been mentioned here and elsewhere that the mortgage interest deduction in the tax code is a roundabout way of subsidizing banks. If interest rates are determined by supply and demand then the demand for interest rates is only dependent on what a taxpayer’s “effective interest expense is”. A new study suggests that most of the benefits fall into the hands of lenders.