US EditionMortgage Interest Deduction Can Be Scrapped without Disrupting the Market: Study
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Mortgage interest deduction can be scrapped without disrupting the market: study
The mortgage interest deduction can be abolished without causing major market disruptions, researchers from Delft University of Technology concluded. In their study, published in the economic journal EBS, they argue that monthly payments will remain affordable without the deduction.
Phasing out mortgage interest deductions will not cause undesirable shocks to the housing market or lower house prices, according to new research by Professor Peter Boelhouwer (Delft University of Technology). The disadvantage for the average homeowner amounts to €270 per month, but only after 16 years. "The concern that households will no longer be able to afford their future housing expenses is unfounded."
Researchers from Delft University of Technology (TU Delft) conclude that the mortgage interest deduction can be abolished without causing major market disruptions. In the study, published in the economics journal EBS, they argue that monthly payments would remain affordable.
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