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Goring the Wrong Ox: A Defense of the Mortgage Interest Deduction

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  • Woodward, Susan E.
  • Weicher, John

Abstract

Discusses how to measure the cost of owner-occupied housing and compares the tax treatments of owner-occupied and rental housing. Argues that it is inaccurate to characterize the mortgage interest deduction as a subsidy to homeownership, and that the true advantage to owner-occupied housing lies in the different treatment of rental income to landlords versus services of owner-occupied housing to homeowners.

Suggested Citation

  • Woodward, Susan E. & Weicher, John, 1989. "Goring the Wrong Ox: A Defense of the Mortgage Interest Deduction," National Tax Journal, National Tax Association;National Tax Journal, vol. 42(3), pages 301-313, September.
    • Handle: RePEc:ntj:journl:v:42:y:1989:i:3:p:301-13
    DOI: 10.1086/NTJ41788801
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    Citations

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    Cited by:

    1. Patric H. Hendershott & Gwilyn Pryce & Michael White, 2002. "Household Leverage and the Deductibility of Home Mortgage Interest: Evidence from UK House Purchasers," NBER Working Papers 9207, National Bureau of Economic Research, Inc.
    2. Follain, James R. & Ling, David C., 1991. "The Federal Tax Subsidy to Housing and the Reduced Value of the Mortgage Interest Deduction," National Tax Journal, National Tax Association, vol. 44(2), pages 147-68, June.
    3. Follain, James R. & Ling, David C., 1991. "The Federal Tax Subsidy to Housing and the Reduced Value of the Mortgage Interest Deduction," National Tax Journal, National Tax Association;National Tax Journal, vol. 44(2), pages 147-168, June.
    4. Steven C. Bourassa & Ming Yin, 2008. "Tax Deductions, Tax Credits and the Homeownership Rate of Young Urban Adults in the United States," Urban Studies, Urban Studies Journal Limited, vol. 45(5-6), pages 1141-1161, May.
    5. Green, Richard K. & Vandell, Kerry D., 1999. "Giving households credit: How changes in the U.S. tax code could promote homeownership," Regional Science and Urban Economics, Elsevier, vol. 29(4), pages 419-444, July.
    6. Lawrence White, 2003. "Focusing on Fannie and Freddie: The Dilemmas of Reforming Housing Finance," Journal of Financial Services Research, Springer;Western Finance Association, vol. 23(1), pages 43-58, February.
    7. Marsha J. Courchane & Judith A. Giles, 2002. "A Comparison of U.S. and Canadian Residential Mortgage Markets," Econometrics Working Papers 0201, Department of Economics, University of Victoria.
    8. José Manuel González-Páramo, 1991. "Imposición personal e incentivos fiscales al ahorro en España," Estudios Económicos, Banco de España, number 46.
    9. Hendershott, Patric H. & Pryce, Gwilym, 2006. "The sensitivity of homeowner leverage to the deductibility of home mortgage interest," Journal of Urban Economics, Elsevier, vol. 60(1), pages 50-68, July.
    10. Catarina Figueira & John Glen & Joseph Nellis, 2005. "A Dynamic Analysis of Mortgage Arrears in the UK Housing Market," Urban/Regional 0509006, University Library of Munich, Germany.
    11. Catarina Figueira & John Glen & Joseph Nellis, 2005. "A Dynamic Analysis of Mortgage Arrears in the UK Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 42(10), pages 1755-1769, September.
    12. Scholten, Ulrich, 1999. "Die Förderung von Wohneigentum," Beiträge zur Finanzwissenschaft, Mohr Siebeck, Tübingen, edition 1, volume 8, number urn:isbn:9783161472343, September.
    13. Anna Białek, 2003. "Strategies of Subsidizing Private Housing Property on the Example of IBD (Partial Buying of Percentage) and MID (Limited Tax Deduction of Percentage)," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 9.

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