The biggest risk the plan in its current form is that it will hit the coastal housing markets hard, effectively this increases the cost of buying a home in these regions significantly and will crash the market which in turn will affect economy and job losses for folks down the chain.
Risk or feature. Depending on whether you’re interested in investing in distressed property or not :)[/quote]
Mostly I think it would affect high end (maybe > 600/800K), not many homes pencil out as rentals in that range.
IMO not many (on the blue state coasts) will win with this in its present form.
