Earlier in the week Robert Pozen wrote in the FT about reforming US mortgage interest relief

Overman, Henry G.

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30/06/2017 SERC: Spatial Economics Research Centre: Promoting Home Ownershiphttp://spatial-economics.blogspot.co.uk/2011/02/promoting-home-ownership.html 1/2Newer Post Older PostHomeSubscribe to: Post Comments (Atom)F r i d a y ,  2 5  F e b r u a r y  2 0 1 1Posted by Prof Henry G. Overman on Friday, February 25, 2011 Promoting Home OwnershipEarlier in the week Robert Pozen wrote in the FT about reforming US mortgage interest relief. In the UK, we have tended to promote home ownership by actions on the supply side (large building programmes after the war, right to buy legislationand now affordable housing targets). In the US, mortgage interest deduction addresses the demand side (through reducing the cost to the homeowner).Drawing on SERC research by my colleague Christian Hilber, the article argues that not only is MID costly, but it is also ineffective because the linkbetween mortgage interest deduction and home ownership is pretty weak. Pozen's article summarises the main findings, but you can download Christian's SERC DP if you would like the details.Recommend this on GooglePost a CommentNo comments:0  More  Next Blog»30/06/2017 SERC: Spatial Economics Research Centre: Promoting Home Ownershiphttp://spatial-economics.blogspot.co.uk/2011/02/promoting-home-ownership.html 2/2Simple theme. Powered by Blogger.

Promoting home ownership

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