The GOP Tax Plan Would Make America’s Housing Shortage Even Worse
- Changes could send already low U.S. home inventories lower
- Losing deductions will be especially tough in high-tax states
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In San Francisco and Scarsdale, Jersey City and Greenwich, the real estate talk is the same: Just how bad will this Republican tax overhaul hurt?
Even before the GOP Congress forges a compromise bill to send to President Donald Trump, House and Senate plans are unsettling housing markets, especially in high-tax, Democratic-leaning states like California, New York, New Jersey and Connecticut.