space could be the ultimate escape and according to its leaders this is an industry spend to see stansell mobile in europe we'll launch the commercial space station in sixteen and receive our first guests in twenty students in english designed to host seven guests at most it is likely to become the most exclusive boutique hotel in the world so you get the hotel will be far more comfortable than the current international space station used by cosmonauts and astronauts guests will be able to enjoy an individual cabin and shower cubicle instead of respond and use of all the ices have to do with and toilets with and instead of water due to weakness miss visit is really only be able to sleep in the bags attached to the walls where there is a choice to sleep only sometimes although to go as for the food it is promise to be delicious cook with your room if it will be super de luxe true but everything has to be top level. just getting there will be an adventure in itself in days onboard a russian so you spacecraft and a chance to rub shoulders with real astronauts to the hotel will be used as an

dean stansel, who teaches up florida gulf coast university and is an adjunct at the fellows foundation. seth hanlon. and finally lawrence yun, the senior vice president of research at the national association of realtors. we also have ed andrews as our moderator. but he works for "the national journal." thank you for joining us today and i turn it over to ed. >> thank you. i think this is a great way to attack the tax reform. the mortgage interest deduction as one of the very, very biggest and certainly most popular tax deductions out there. it is expensive. critics say it is unfair. if we are going to tackle tax reform, dealing with this microcosm, if you will, will bring to light all of the issues that we have to grapple with in talking about reform. i look forward to getting this under way. i just want to cover a couple of small housekeeping details. next each of our panelists is going to speak, given opening presentation, that will hopefully last about eight minutes that will get us off to a good start. then i will take a few minutes to fire off my own question that the panelists.

let's hear next from dean stansel. >> hi, when anthony first came to me with the idea of looking at the mortgage interest deduction, one the our biggest question as you see in the subtitle, we got the vague idea if we got rid of the mortgage interest deduction, there would be an impact. who benefits and by how much? we looked around and couldn't find a lot of good independent analysis. we went out and collected data. i have six things to talk about in eight minutes. i may talk fast. there are a summary in your chair. the six things, how effective is the mid as a tool to increase home increase, how big is the mid, who benefits, how much, housing market effects and tax policy. we'll see how it goes. first of all, how effective is it? you would think if the mortgage interest deduction were an effective tool, you would see some sort of relationship between the amount of m.i.t. and the home ownership rate. the home ownership rate has been fairly stable about 64 and 69% over the last couple of decades. so it could be if your goal is to increase the home ownership rate, maybe this just isn't r

second dean stansel who teaches at florida gulf coast university. and jeff hanlon and lauren yun who's vice president of research at the national association of realtors. we're also very lucky to have ed andrews as our moderator who's currently the moderator for economic and taxes and budget at the "national journal." thank you again for joining us today. let me turn it over to you. >> it's a great pleasure to be here. i can't think of a better forum for powerful conversation than here at the urban institute and i think this is a great, great way to attack the whole tax reform, the mortgage interest deduction is, you know, one of the very, very biggest and certainly the most popular tax deductions out there. it's expensive. critics say it's unfair. and if we're going to tackle tax reform dealing with it in microcosm, if you will, will bring to light all of the issues that we -- you know, we have to grapple with in talking about tax reform. so i really look forward to getting underway. i just want to cover a small housekeeping details. the way we're