The US is international outlier in subsidizing homeowners via tax breaks

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, The Whiteness of Wealth, 231

Categorization

  • XREF: Supports the addendum/grafting-and-growth theme of questioning US ‘infrastructure’ subsidies, and connects to comparative policy analysis arguments.
  • QUESTION: Worth chasing: what is Canada’s actual homeownership rate vs. the US, and what mechanisms (if any) substitute for their lack of a mortgage interest deduction?