How Homeownership Became The Engine of American Inequality

Turns out the NYTimes can still bring it on occasion. Inequality is an abstract concept, but not in Matthew Desmond’s hands.

On the mortgage interest deduction:

“. . . we continue to give the most help to those who least need it — affluent homeowners — while providing nothing to most rent-burdened tenants. If this is our design, our social contract, then we should at least own up to it; we should at least stand up and profess, ‘Yes, this is the kind of nation we want.’ Before us, there are two honest choices: We can endorse this inequality-maximizing arrangement, or we can reject it. What we cannot do is look a mother like Diaz in the face and say, ‘We’d love to help you, but we just can’t afford to.’ Because that is, quite simply, a lie.”

Read it in it’s entirety.

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