the unownership society
This really doesn’t have anything to do with ownership. The main deduction is the mortgage payment deduction, and that is a deduction for owning not borrowing. We are at the point in our mortgage where we pay mainly principle, and not much in interest. We don’t get much of a deduction. Someone who owns their house outright, will only get to deduct property taxes. We subsidize borrowing, not ownership.
That being said, this is what he said he would do. For all those that stayed home on election day, I guess it made a difference. He is just getting started.