Exactly, thank you!
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I do for the sugar cane I grow
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And every California homeowner, beginning the day after they buy their home. It's like a car depreciating as it's driven off the lot.
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Agreed! Also, people tend to think of housing as another consumer good that you earn by having money or working or because "you deserve it." Housing is a market, but you also need safety nets. Without housing, people can't contribute to the economy or society.
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Right. Very reminiscent of Suzanne Mettler’s arguments in “Submerged State”https://www.nytimes.com/2011/09/20/opinion/our-hidden-government-benefits.html …
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Not a secret.
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it isn't presented or framed as a subsidy but as some kind of "right" - but the deductibility of interest payments on home loans (and home equity loans) is a very direct (and very very large) government benefit for homeowners - and has helped lead to the disparity between races
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At this point the MID is baked into the cost of a home. Purchasers factor it into what they can afford so all it really does is push up the purchase price.
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Are millennial renters getting anything or are we just lighting $ on fire each month. Asking for a friend.
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Nearly as secret as the names of local legislators.
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