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Inside Bay Area: Homeowners' mortgage interest deduction could be trimmed

November 27, 2012

But other economists say the housing market doesn't really need it, and argue that there's little evidence that it increases homeownership.

"There are lots of countries without it, and they seem to manage just fine," said Richard Green, director of the Lusk Center for Real Estate at the University of Southern California. Any changes should be phased in over a number of years, he added.

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