Investment in Housing in the United States : A Portfolio Approach: The Possible Effects of Changes in Tax Policy »
Series: IMF Working Papers
Author(s): Krister Andersson
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 1990
It is well known that the preferential tax treatment of housing induces an inefficient allocation of saving and investment. This paper analyzes, in a portfolio framework, how eliminating the deductibility of mortga...