This belief that we cannot do a thing unless that thing benefits wealthy homeowners is harmful.
That's not to say the rules could never be changed. But just imagine being, for example, a small time landlord in the UK. Recently the rules changed, and you can no longer deduct mortgage interest as an operating expense from the rents you collect. Old mortgages are not grandfathered. This means a lot of existing rentals are suddenly & out of nowhere going to be losing their owners money. Thanks, government. Maybe it needed to happen, but it's a bit chilling to have that kind of rule change happen on you.
I guess this is just an ethical question? I don't think it would be fair to those who recently bought a home if we just wiped out a substantial proportion of their assets.
> This belief that we cannot do a thing unless that thing benefits wealthy homeowners is harmful.
You perhaps misinterpreted my comment. I don't think they will benefit at all from a solution, but I would think a good solution should not be too devastating to any given person.
I'm less concerned about wealthy home owners than I am for those who just got a mortgage.