Answer: For sure, the TCJA put downward pressure on home values … how much depends on a home’s value before deduction caps were put in place.
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In a prior post, we started thinking about this question (since nobody else seems to have landed on the issue) … and took a stab at estimating the isolated impact of the TCJA’s cap on the mortgage interest deduction.
A couple of readers asked (1) What about the impact of the SALT deductions cap?, and (2) Can you work through a example from start to finish … as simply as possible?
Always aiming to please my loyal readers, here’s a try at answering both inquiries with a simple(?) example….
The Homa Files 