News for hackers. Stuff that matters.

A comment on American Suburbs Swell Again as a New Generation Escapes the City. Parent comment

Re:American Suburbs Swell Again as a New Generation Escapes ... by hackeraccount on Tuesday July 02, 2019 @01:24PM (#20337289)
The mortgage interest deduction doesn't incentivize getting a bigger home. Or even a more expensive home. It does incentivize getting a bigger mortgage. Frankly you can borrow a lot to buy a place in the city or in the suburbs.
[ Parent | on HN ]
Re:American Suburbs Swell Again as a New Generation Escapes ... by throw0101a on Tuesday July 02, 2019 @03:28PM (#20338575)
> It does incentivize getting a bigger mortgage.

Most people probably buy the maximum they can "afford" (are approved for).

[ Parent | on HN ]
Re:American Suburbs Swell Again as a New Generation Escapes ... by lordgrenville on Tuesday July 02, 2019 @02:05PM (#20337723)
Sure, but the more expensive the home, the bigger a mortgage you can take.
[ Parent | on HN ]