Florida also continues his call to shift US housing policy toward favoring rental housing. Although many will agree with his call to end the mortgage interest deduction, his suggestion that US affordable housing policy heavily favors homeownership is not borne out. The bulk of affordable housing subsidy is delivered through the Housing Choice Voucher and Low-Income Housing Tax Credit programs, which in fact subsidize rental housing. While expanding such subsidies would be wise, simply encouraging unsubsidized rental housing expansion will not be very helpful to lower-income households. And, as Florida himself has argued, the vast majority of new rental housing is luxury, and the notion that this housing will filter down rapidly and be affordable to lower-income renters is not borne out by the evidence. Moreover, unlike homeowners, lower-income renters are subject to rising rents and asymmetric power relationships between landlords and tenants in most rental markets. As demonstrated so powerfully in Matthew Desmond’s Evicted, the low-end of the rental market in most US cities is not one that is very beneficial to tenants. Although homeownership is often not the answer for the lowest-income households, for many modest-income households it can provide for long-term affordability, security, predictability, and the opportunity to build wealth over time when mortgages are well regulated.