Why real estate should be wary of Trump’s tax plan
The president-elect’s proposals could lower home values and selling prices
From the December issue: Could the election of Donald Trump have unanticipated impacts on the federal tax code’s benefits, which favor homeownership over renting?
To the extent that the House, Senate and White House soon will be under one party’s control, the answer may well be yes. Though housing issues got scant attention during the campaign, Trump’s tax reform plans, linked up with versions already proposed on Capitol Hill, could contain some jolts for many people. [more]