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To: Wright Wing; vette6387
What is going to happen is that Home values are going to plummet. Many will now be under water in their mortgages and this will tank the economy for awhile. Let’s start another housing crisis. That said, Home values will need to be reassessed and that may bring property taxes down a bit. This tax bill will be worse than Obamacare for millions.

True.

This is from Forbes:

Realtors Predict Tax Bill Will Cause Housing Prices To Drop In Every State

For all those folks who claim to be champions of the retired set, for many people their home is their largest asset.

But, gee - how "selfish" of them to not want their home to lose value because of this tax bill.

Good thing this guy isn't "selfish."


57 posted on 12/02/2017 4:41:02 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

So how in the heck will every Blue Stater manage to pick up and move if they can’t get a sale price large enough to pay off their mortgage? Who will buy their homes?
I’m sure red staters won’t mind the migration of blue staters. Lol!


77 posted on 12/02/2017 5:11:31 AM PST by Scotswife
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To: SkyPilot

Wading into the water here. . .

if home prices do indeed drop in every state as you cite. . .

can this not also benefit the millions who are priced out of the housing market?

Living in the sf bay area, where the median home price is well nigh a million. . . you have to have the salary of two doctors to get in. . .


309 posted on 12/02/2017 11:29:44 AM PST by Persevero (Democrats haven't been this nutty since we freed their slaves.)
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