Housing is not highly subsidized by the government; though there's a mortgage interest tax deduction, it's generally outweighed by property tax. As for renters, few get help from government. https://t.co/xGBk0YjboF

— Noah Smith 🐇🇺🇦 (@Noahpinion) July 25, 2022

Wrong. Housing is extremely heavily subsidized in harmful ways by the government indirectly: the Fed buying up bundles of mortgages, Fannie Mae and Freddie Mac backstopping loans that would otherwise be unprofitable to make, and a long history of too-low interest rates. Those are all subsidies that greatly pushed up housing costs.