One Missing Word in a 1934 Law Made Homeownership Mathematically Impossible — and It Took 85 Years to Fix
A single omitted word in Depression-era federal housing legislation quietly created a tax deduction formula that literally subtracted more than it should have been possible to subtract. For decades, homeowners in seven states overpaid without knowing why. A real estate attorney in Arkansas finally noticed — and the fix that followed was almost as strange as the problem.