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Federal Reserve Bank of Cleveland
Economic Commentary
Mortgage interest deductibility and housing prices
Stephen G. Cecchetti
Peter Rupert
Abstract

An analysis of how implementing a flat tax on income and ending the deductibility of mortgage interest payments would affect housing prices. The authors show that, to the extent prices decline, higher-income households would bear most of the impact, but increases in the value of their other assets might mitigate the drop in the price of their homes.


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Stephen G. Cecchetti & Peter Rupert, "Mortgage interest deductibility and housing prices" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Feb, 1996.
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Keywords: Housing ; Mortgages
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Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

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