Most OECD countries cap homeowner tax benefits without lowering homeownership rates.

Evidence

Second, when it comes to subsidies for homeownership, as with the joint return, the United States is already an outlier. Most of our counterparts in the Organization for Economic Cooperation and Development provide significantly fewer tax benefits for homeowners, and those benefits are often limited to first-time homebuyers, as well as means-tested or capped based on home price. Contrary to the fears of the real estate industry, this doesn’t appear to dissuade people from wanting to buy a home. Canada, for example, has a similar homeownership rate, but it does not allow a tax break for mortgage interest. — Dorothy A. Brown, Getting to Reparations, 1287

Categorization

  • ADDENDUM: Supports the tax-reform-for-repair argument; the claim that removing homeowner subsidies wouldn’t crush homeownership is ammunition for the reparations-as-policy argument, complementing the diagnosis-to-remedy architecture.