Well that may look good on paper, but In reality when the furnace or ac needs replacing, it is not something that can wait until a refund check appears. Many over extended borrowers do not Have the reserves. I cannot speak for others, but that interest deduction for the mortgage is smaller and smaller each year. In fact, I have had to pay for the last few years as did most people because of the tax law changes. So in theory your statement is correct. Reality is completely different.

Not really Advocate. Considering most home owners have loans and get to claim interest deductions at tax time while most renters do not, renters could simply apply what they will save at tax time toward such experiences.

Seek the truth.

Not when you’re on a 15. Not when you’re more than half way through it. Sadly, something that most people never get to experience. And you get a credit extension boost, so it is appropriate for a more stringent qualification for owning with all that responsibility vs renting. Many although they try, simply can’t handle the responsibility of it and they do go under.

What do the originators care anyways, they just pass it to the servicers and instrument holders, whom benefit from fdic insurability on all of it, being tied through the gse enterprises. A seasoned loan still does not compete with a 20% downpayment requirement. Skin in the game.

The government is involved. The only constant you can rely on in that scenario, they’ll make it worse not better. One ponders if the over leveraged instruments would even be sellable without government insurance backing… It goes from the top down. They don’t have skin in the game with fractional available capital lending requirements, and gee, that’s unfair to not also offer that to the little guy. Credit extension for everyone! The dollar is failing, QE infinite is here, so the gloves are off. Don’t worry, with the inflationary trend on the horizon, you probably won’t even notice their over leveraging a year later. The beat skips on.

Not really. Maintenance, repairs, taxes, insurance and HOA fees cost more with ownership. Mortgage DTI should be lower for mortgages.