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- New Tax Plan = More Listings or Fewer Buyers?
New Tax Plan = More Listings or Fewer Buyers?
Community Spotlight
Do you think this plan will LIFT or LIMIT our housing market?
Our country now has 877 billionaires, almost three times more than in 2007. A new tax plan would take about $940 each year from families earning under $17 000, while giving about $390 000 to people earning over $4 million.
Why some people think this could help housing:
Rich families may spend and invest more. That extra cash can finance new apartment buildings, remodel homes, and create construction jobs.
More building can add supply and ease price pressure in crowded markets.
Why others think it could hurt housing:
With more money in hand, the richest can buy extra homes, pay in full, and outbid regular buyers.
Families who lose money in the plan have less for rent or a down payment, and rising bids can push prices higher than wages.
Both effects can happen at once.
What matters is which one becomes stronger where you live. - Engage Here
