Homeownership is a big part of the American self-image. That accounts for the unusual support the U.S. government provides for it. This includes subsidies of about $150 billion a year in tax deductions on mortgage interest and property taxes. Additionally, the U.S. employs huge programs to keep interest rates low by reducing the risks taken on by mortgage lenders. Many countries have higher rates of homeownership; few underwrite it to the same extent.
Homeownership Reconsidered
DO YOU HAVE THE "WRITE" STUFF? If you’re ready to share your wisdom of experience, we’re ready to share it with our massive global audience – by giving you the opportunity to become a published Contributor on our award-winning Site with (your own byline). And who knows? – it may be your first step in discovering your “hidden Hemmingway”. LEARN MORE HERE