Because it's a form of social engineering through the tax code.
Thanks for that comment. I don't what right the government has to promote home ownership. In fact, renting is a much more safer route for many groups of people, ie. transient workers and those who have had the misfortune of losing large sums of money due to the housing market collapse. If home ownership is such a great, smart and wonderful way of life, it should be apparent to any thinking person and we would not need the government to promote it through the tax system.
“In fact, renting is a much more safer route for many groups of people, ie. transient workers and those who have had the misfortune of losing large sums of money due to the housing market collapse. If home ownership is such a great, smart and wonderful way of life, it should be apparent to any thinking person and we would not need the government to promote it through the tax system.”
Oh, I see, you’d prefer to live in a communist country where there are no property owners and everyone is a serf who owes allegiance to others and owns nothing. Property rights and property ownership are one of our cherished values. Do away with home ownership, or make it next to impossible to be a property owner, and you will have no middle class, and a socialist country. No thanks.