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A comment on Under-35s in the UK face becoming permanent renters, warns thinktank. Parent comment

Re:Under-35s in the UK face becoming permanent renters, warn... by someguydave on Tuesday February 16, 2016 @11:49PM (#11115400)
> mortgage interest

Which is subsidized by the US Government in the US in the form of tax deductions.

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Re:Under-35s in the UK face becoming permanent renters, warn... by vinceguidry on Tuesday February 16, 2016 @11:57PM (#11115424)
Which really only benefits the rich. You have to itemize to take advantage of the deduction, and then you're only saving money over and above the standard deduction. Unless you buy a really expensive house, or have lots of other deductions, then you save a couple thousand dollars a year at most. Which isn't peanuts, but shouldn't figure prominently into the decision to buy a home or not.

Always run the numbers. Numbers are the difference between emotion and logic.

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Re:Under-35s in the UK face becoming permanent renters, warn... by someguydave on Thursday February 18, 2016 @11:00PM (#11131447)
>Which isn't peanuts, but shouldn't figure prominently into the decision to buy a home or not.

No but the point is the government literally pays you (maybe not much, but a few $k) to own a house. This is a form of discrimination against renters and causes the marginal guy ("should I buy a house or rent?") to lean towards "buy" for no good economic reason.

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