Thank you for your answer. On one hand, corporations get tax breaks on debt inte... | Hacker News

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		mynegation on June 5, 2013 \| parent \| context \| favorite \| on: Economists: Home ownership leads to unemployment Thank you for your answer. On one hand, corporations get tax breaks on debt interest, even in Canada, so why should not people? On the other hand I believe that corporations are way more rational than people in taking on debt. For most people buying a house is not an investment, but very emotional decision, and I see how tax incentive may put more steam into bubbles.

drpgq on June 5, 2013 | [–]

In Canada you get an exemption for capital gains on your principal residence, which is a pretty big tax break already.

gaadd33 on June 5, 2013 | [–]

But personal bankruptcy still carries somewhat of a social stigma whereas corporate bankruptcy is part of a good business plan.

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