[abhinavkulkarni]

A simple Google search on Redlining (https://www.google.com/search?q=new+york+times+redlining) will reveal how current housing laws and massive wealth transfer that interest mortgage deduction is from less fortunate to the wealthy. There is a near unanimity among economists that housing subsidies are a bad policy and exacerbate rent seeking behavior. If not racist, those policies are downright classist (the line can be very blurry), designed to keep a small minority of homeowners (akin to landed gentry) in power.

[frockington]

I agree that the motivations are primarily driven by investment protection/greed. I am failing to see the racist aspect to it.