By the Numbers

$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


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


Percent more energy used by people who live in detached homes than people who live in buildings with five or more apartments


Percent of the 40 million Americans who move each year that do so for a job

Source: Time, “The Case Against Homeownership”