By the Numbers
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$100 billion
Estimated amount the federal government gives in tax breaks and subsidies each year to encourage home ownership
$15 billion
The amount of money saved each year by the 2.8 million Americans with an annual income of over $250,000 through the home mortgage-interest tax deduction
$10 billion
Amount saved by the 19 million families with an annual income of $40,000 – $70,000
$1.48
Average value of the deduction per day for those middle-income families
$6 trillion
Lost housing value in the United States since 2007
11 million
Number of Americans who owe more on their home than it’s worth
49
Percent more energy used by people who live in detached homes than people who live in buildings with five or more apartments
20
Percent of the 40 million Americans who move each year that do so for a job
Source: Time, “The Case Against Homeownership”