Federal tax policies inflate house prices for high wage earners

Home mortgage interest deduction encourages high wage earners to borrow more; capital gains tax exemption encourages wealthy to invest more in personal homes. The combined effect inflates house prices.

Politicians promote home ownership through a variety of subsidies and tax loopholes,...
http://ochousingnews.com/blog/federal-tax-policies-inflate-house-prices-for-high-wage-earners/