2min chapter

Factually! with Adam Conover cover image

The Real Cause of Poverty with Matthew Desmond

Factually! with Adam Conover

CHAPTER

The Strangeness of the Mortgage Interest Deduction

The mortgage interest deduction is kind of a weird phenomenon in that I receive a tax break for my housing costs, but a person in the working poor who is paying rent does not rent is not deductible. Why is that? And what is the effect of that on poverty? How does that system create poverty? So why is that? Is it's a historical accident that mortgage interest deduction started in the tax code before the nation was a nation of homeowners? Yeah. There's no evidence that the mortgage interest deduction helps people buy homes. They really are. No evidence because it's just the bigger. What's your biggest barrier when you're by your first home? You don't know where to start

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