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Smooth_Imagination t1_it8ttvs wrote

Owning your own home vs renting it makes zero difference on the property demand.

Arguing for extra help for renters is great, 100%. But giving similar tax breaks to home owners who sub-let is not going to lower demand for housing and help renters get to own their own home, if it causes more property accumulation by landlords.


forebill t1_it93657 wrote

It makes a huge difference in cost. Without the incentive to own instead of rent massive amounts of wealth would be drained from the middle class. That would have massively terrible consequences.