The Tax Break for Homeownership Is Not Even a Thing

From 1940 to 1950, we saw a minority of white homeowners become a majority of white homeowners with the assistance of federal policy. We have never had a point in time with the majority of black Americans were homeowners. So any tax subsidy for homeownership is a tax subsidy designed for white Americans. The mortgage interest deduction does not encourage anybody to buy a home. Research shows that black Americans are far less likely to be able to have that gain on sale.