I think NAR and homebuilders would be screaming bloody murder. They would be back to building cookie cutter houses and turning existing McMansions into multifamily housing..
I see no reason why the government should preference one asset class over others.
Homebuilders. How is it that the size of the average family has gone down and the size of the average house has gone up?
I say follow the money. More money paid to heat, maintain and pay prop taxes. I remember when you had a living room. Now its a family room, a dining room that is used twice a year, a recreation room, rooms rooms rooms and nobody is using them.......well with this new odumbiconomy.....maybe its a good thing since kids and grandkids are gonna be coming home to live lol.