this post was submitted on 11 Apr 2024
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Mortgage tax deductions are nothing more than a check from the tax payers to the banks. And the banks take the deductions into account for how much interest they can ask. So homeowners pay the same amount as if those deductions didn’t exist. Also they do nothing for affordability if not more homes are build. The advantage you get is already calculated into the price of the home. It just increases demand and thus raise the prices of homes.