Impact of Tax Bill on NYC Real Estate

If corporate taxes are slashed it does seem like equities will keep flying high, which should help the higher end of the market, not hurt it. My concern is what will happen to values in the middle of the market.

If you mean ultra-luxury, it is an excess supply story. Tax changes would not matter much. Well priced new development, in 2-5mm range probably is a wash with higher taxes due to salt deduction elimination and higher equity prices and better economy. Less than $2mm, I think the impact on buyer from salt elimination is limited but incentives to buy are less. That is why I think it is hard to say. If I were to pick one, flattish despite stronger economy. Coops may even get a bid due to generally lower taxes.

The big corporate tax cut may insure that keeping your money in equities rather than Real Estate is the surer option.