What Tax Reform Means for High-End Housing

The transcript discusses potential tax policy changes that may favor landlords over homeowners by removing mortgage interest deductions for second homes. This could lead to more homeowners converting vacation homes into rental properties. The uncertainty surrounding these changes is causing some market activity, particularly in high-end housing markets, as people try to anticipate the impact on property sales and tax liabilities.

What uncertainties are real estate professionals facing regarding the potential tax policy changes?

How might the behavior of property owners change in response to the new tax policies?