So between tax reform potentially halving the loan sizes that qualify for the mortgage interest deduction and Softbank potentially allowing early Uber employees, investors to sell close to $9B worth of stock, what do you think happens to the Bay Area real estate market?
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Need to look at annual transactions, not overall value. New money gets put to work quickly in housing. MID likely tightens supply in short term as homeowners hoard their “good loans”
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