Urban Fold

Mortgage Tax Breaks Encourage McMansions

Edward L. Glaeser says that the government policy of encouraging homeownership through tax breaks subsidizes Americans to buy bigger homes which waste energy.

Glaeser writes, "Americans, even poor Americans, have almost twice as much living space as the average resident of France or Germany. According to the Residential Energy Consumption Survey, homes with between 2,500 and 3,000 square feet of heated living space use 41 percent more electricity than homes with between 1,500 and 2,000 square feet of space. In an age of global warming, why should we subsidize the greater energy use inherent in larger homes?"

Full Story: A tax break that is breaking us

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from five cities with red or blue trim.
$55.00
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00