Homebuying Doesn’t Hinge on the Mortgage Tax Break

Bloomberg, Dec. 7, 2017–Joe Light, Prashant Gopal
The $64 billion mortgage-interest deduction has long been touted as fuel for U.S. homeownership. Yet as the real estate industry fights the Republican tax plan that’s set to diminish its use, finding economic supporters of the perk is tough, even among affordable-housing advocates.