How Do You Think the Tax Reform Will Affect Housing Prices..... (Alabama, money)

[Quaker15]

It seems that the new tax reform might be effective in 2018. How do you think it will affect housing prices? According to the article below, some area might see housing prices drop by 20%. If that's the case, do you think prices will drop immediately (within 6 months) or it takes couple of years?

What the GOP tax reform bill means for the housing market - Business Insider

[saltine]

I don’t foresee a drop in housing values anytime soon, but what do I know?

[TheEmissary]

Do let me know when the price of housing in San Francisco drops to the same price as Mobile Alabama!

[BobNJ1960]

They will not drop, as local government will end up cutting property taxes, in areas where such taxes are extortionist in nature.

[Oklazona Bound]

Originally Posted by BobNJ1960

They will not drop, as local government will end up cutting property taxes, in areas where such taxes are extortionist in nature.

That makes no sense at all they would not cut property taxes to keep prices from dropping.

[nybklyn]

Who cares....! If it rise, it rise. If it falls, it falls. We all still have to move on with our life.

[dechatelet]

It seems to depend on whether you're buying a low-priced, medium-priced, or high-priced property.

The high priced properties -- over $700,000 or over $1,200,000 depending on which version was passed -- will be the most impacted.

Of course there will always be a high end market where money is no object: "If you have to ask how it costs, you can't afford it anyway."

[GotHereQuickAsICould]

Interest rate increases is what will likely impact home prices.

[armourereric]

Originally Posted by TheEmissary

Do let me know when the price of housing in San Francisco drops to the same price as Mobile Alabama!

Let me know when Bay Area housing drops down to that of midtown Manhattan

[Rakin]

It won't affect housing. People still need a place to live and it will remain a pretty solid investment.

At least in most parts of the US.