Housing prices are going to fall considerably either way. Most people on this board view it as a good thing, or minimally a necessary thing.
I completely agree that Presidents get too much credit for the economy that falls during their reigns. The actual impact of policies, while not trivial, is modest compared to larger cycles that are impossible to control.
Democrats traditionally raise taxes on the rich and ultrarich and lower them on the middle class (40-150k annual household income). The tax rates during the Clinton years are arguably the stereotypical “Democrat” tax rates, those now more in line with “Republican” tax rates, specifically the lower capital gains tax. Overall the differences are pretty subtle, except for those at the top of the food chain (and I’ve gotten the impression a couple members of this board actually are up there). It’s hard to project the impact of such a reversion on the housing market; one might guess it would prop up the lower end market somewhat and slightly exacerbate the decline in high end homes.
Also, and not trivially, we’re still roughly 17 months away from the next election. A lot can change between now and then. Terrorist attacks, wars, natural disasters, to name a few major events, on top of natural market fluctuations. So feel free to speculate all you want, but right now, it is purely speculation.
