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Maybe I missed it in the article but it doesn't seem to mention that you deduct mortgage interest on your taxes in the US?

This isn't something you get renting and it effectively lowers your monthly payment.

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That's technically still true according to the tax laws here, but Trump raised the standard deduction during his first term in office so where I previously took an itemized deduction and claimed my mortgage interest from my taxable income, it's now more beneficial for my (basic) tax situation to claim the standard deduction. I appreciate the simplicity, but I'm no longer getting a tax benefit for home ownership.

I own a modest house that I bought close to 20 years ago before the standard deduction changes. The first year the calculated tax savings from itemizing was a whopping $800. This went down every year and at year 7-8 it no longer made sense to itemize. Interest rates are higher now but the standard deduction is way higher now as well. This strikes me as something that was a big deal in the very high interest rate 80s and has then been parroted as a huge benefit for decades after is largely ceased being true.

I pay less under "orange man bad" than I did under "Prof Autopen the funder of perpetual war."

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