CDZ The Real but Regional Panic to Come

[william the wie]

Residential real estate that is salable under the mortgage deduction cap is shrinking fast in the Blue Wall and rent control is making a comeback. However new jobs are avoiding the high tax states so that rent control is not going to work even in the short run. Fire and taking clause lawsuits are going to abound. So, what will be the outcome?

 

[OldLady]

When the stock market took a nosedive in the late 80's, it affected the real estate bubble and a lot of people ate a lot of losses. Is that what you're talking about here?

 

[Toronado3800]

Jobs are always moving from high income areas to low ones also. Its a thing.

 

[william the wie]

Jobs are always moving from high income areas to low ones also. Its a thing.

This time gross income is going up and net income is going down by a lot in the blue states