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A sales report from @nardotrealtor estimates the #GOPTaxBill cap on deductions for loans over $750,000 will “discourage home ownership in large urban areas with high-priced housing stock, which could result in a decrease of both home sales and prices.”https://timesofsandiego.com/business/2017/12/18/california-home-sales-fall-as-economist-warns-of-tax-bill-impact/ …
San Diego is in the top 5 metropolitan areas most likely to have lower sales. Cap on mortgage interest deductions + Increased standard deduction = No benefit of home ownership.
You mean other than the value of a place to live and some insulation against extortionate landlords?
Increasing the standard deduction is a bad thing?
You have hundreds, if not thousands, of constituents in this district with *no* place to live. The arbitrage opportunities available to only a fraction of us seems like a weird place to tether your sympathies.
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