People at the other end of the income scale get little. First, since this issue so rarely sees the light of day, it's good to get the numbers out. Second, purely from a homeowner's perspective, that the federal tax system is so generous can only be good news. It makes homeownership easier to afford, raises the economic value of owning a home and provides millions of people tax-free cash when they sell their shelter. From the perspective of non-homeowners, on the other hand, the size of the federal subsidies to homeowners can only be sobering, if not enraging.
Renters get virtually no subsidies for their choice of shelter.
No wonder that when Harvard University's Joint Center for Housing Studies looked at the net wealth of homeowners last year vs. that of renters, it found vast differences. News Jobs AP Shopping Archives Entertain.