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A comment on JPMorgan to spend $1B on rental homes in the US to become a megalandlord. Parent comment

Re:JPMorgan to spend $1B on rental homes in the US to become... by BenFranklin100 on Saturday December 31, 2022 @10:31AM (#34197252)
They positively must be eliminated on the primary residence if want to halt the financialization of personal homes. Why should the related well-off be given a tax break anyway? It’s regressive. The US is one of the very few countries that allow mortgage interest to be deducted:

https://www.progressivemaryland.org/home_mortgage_interest_d...

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Re:JPMorgan to spend $1B on rental homes in the US to become... by devmor on Saturday December 31, 2022 @01:36PM (#34199276)
I don't think someone buying a home for their family should be considered "well-off". That should be our base standard of living.

The US is also one of the only countries where mortgages are so expensive. We wouldn't need the tax breaks if housing prices were low, I suppose.

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