“There’s a segment of borrowers who would be adversely affected,” said Paul Habibi, a faculty member at the Ziman Center for Real Estate at UCLA. “It just depends on what side of the income spectrum you’re on.” In coastal markets, including Los Angeles and Orange County, San Francisco and New York City, he said, “You’re going to have a greater percentage of those potential
homeowners adversely affected because they have median prices high enough to kick them into benefiting from the (itemized) deductions...”
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