Faculty News | Fox News | 29 Jul 2011
Debt Ceiling Battle Will Cost Homeowners Big Time
Re: Mihir A. Desai & Robert C. Pozen
That's what the "experts" were telling Congress as well. "It's not clear that more home ownership is always good," said Mihir Desai, professor of finance and law at Harvard University. "There are chunks of the population for which renting is a good thing to do." While there is some truth to that, the cavalier attitude is typical for those who want to wipe out the deduction.

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