Wednesday, December 6, 2017

GOP Tax Plan Could Be Problematic for New York Homeowners

By Dan Freedman

WASHINGTON - From high-end to midrange to affordable, the housing market in New York state is likely to be jolted by Republican tax legislation - and not necessarily for the better, in the judgment of real-estate professionals and lawmakers.

``As goes the housing market, so goes the economy,’’ said Lewis Dubuque, executive vice president of the New York State Home Builders Association. ``When the housing bubble burst in 2008, the economy went in the tank, so it’s not a coincidence. We fear this is going to have the same detrimental effect in New York.’’

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Source: (via The Empire Report)

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