AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Real Cause of Poverty with Matthew Desmond
Factually! with Adam Conover
The Strangeness of the Mortgage Interest Deduction
2min Snip
00:00
Summary
Transcript
Episode notes
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
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode