Tax changes cut the Mortgage Interest Deduction sharply–but not for the rich The 1.2 percent of households with incomes over $500,000 get 20 times as much tax relief from the mortgage interest deduction as the half of all households with…
Is the “dream” of homeownership really just a massive, intergenerational wealth transfer? Recently, that’s just how it has worked out. The takeaways: Homeownership is a gerontopoly. Most housing wealth is held by older Americans. Inequality in the US is increasingly…
If you’re serious about dealing with climate change, the last thing you should do is spend billions widening freeways. April 22 is Earth Day, and to celebrate, Oregon is moving forward with plans to drop more than a billion dollars…
Earlier this month, City Observatory’s Joe Cortright was interviewed for HFO TV. The interview focused on recent developments in Portland’s housing market, and explored the reasons behind the growth in rents in the middle part of this decade and the likely…
Attention freeway builders! Want to make up for dividing the community and destroying neighborhoods? How about replacing the homes you demolished? One of the carefully crafted talking points in the sales pitch for the $450 million proposed Rose Quarter I-5…