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Real Estate
Reply to "Trump tax law cost homeowners $1 trillion in lost equity"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why is a modest home price decline bad? Shouldn't this reduce inequality, since most poorer people don't own homes? Also, we save a bit on property taxes. I'm happy to lose a little home equity if it helps to solve the inequality problem out there and I assume other (true) progressives feel the same way.[/quote] No. It was/will be largely passed on to renters.[/quote] If home prices and property taxes decline, what exactly is there to pass on to renters...savings in the form of lower rent?[/quote]
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