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The Oakland Tribune: Honeowners' mortgage interest deduction could be trimmed

By Pete Carey. As Congress looks for new sources of revenue to deal with the looming "fiscal cliff," a popular ingredient of the American dream could be on the chopping block.

November 28, 2012

But other economists say the housing market doesn't really need it, and argue that there's little evidence that it increases homeownership.

"There are lots of countries without it, and they seem to manage just fine," said Richard Green, director of the Lusk Center for Real Estate at the University of Southern California. Any changes should be phased in over a number of years, he added.

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Link: The Oakland Tribune