Federal Reserve Bank of Cleveland
Mortgage interest deductibility and housing prices
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.
Cite this item
Stephen G. Cecchetti & Peter Rupert, "Mortgage interest deductibility and housing prices"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Feb, 1996.
Keywords: Housing ; Mortgages
This item with handle RePEc:fip:fedcec:y:1996:i:feb1
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