Agreed that it is quite plausible this won't cut housing prices - and may even raise them - contrary to what might be expected from basic econ. This notably ha

Agreed that it is quite plausible this won't cut housing prices - and may even raise them - contrary to what might be expected from basic econ. This notably happened at the start of this year, where even though tax code changes made buying a house ~10% more expensive (relative to renting), housing prices kept riding, perhaps partially because existing owners also became more incentivized to hold because the code grandfathered in a $1M tax deduction. Nonetheless, I think "havoc" will be minor. It already makes little sense to buy in the Bay Area (https://medium.com/@usaar33/why-you-shouldnt-buy-a-home-in-the-bay-area-right-now-9eff37da8d6 https://medium.com/@usaar33/why-you-shouldnt-buy-a-home-in-t...) - and that fact will just continue to be true.