Price Trend in California as a consequence of the new tax bill

[Kevin Lefeuvre]

The new tax bill limits state and property tax deductions to $10,000 and mortgage interest deduction on mortgages down to $750,000. This could negatively impact appreciation of RE in California.
1) How is this impacting your strategy? 

2) Are you adjusting your portfolio? If so, how?

[Jay Hinrichs]

Agreed with above... SFR home buyers for their personal resi's are not investors .. they don't crunch numbers.. they look at kitchens bathrooms paint colors school districts etc..

5 to 10k difference in deductions is not going to cause them not to buy the home that moma wants.. flat guarantee that..

now were I do think it will make a difference.. is with some that are mobile. or work from home and can work anywhere and are empty nesters.. I am describing myself  LOL... for me I will still invest in OR and CA for short term gains  love those but majority of my income comes from either no tax states or states with tax's 1/3 of CA and OR. .. but will be moving personal resi to NV.. as being self employed and totally harpooned on tax's not being able to write off state income tax is huge for me.. its over a 50k a year swing to the negative for me personally.. so to that end what I save there will pay for my townhouse I just bought in 6 years..   so I guess it is affecting one person  :)

but if I was living like I used to in the Bay area and still engaged there I would not even think twice about it just adjust.. and investors its simply does not affect.. Might affect some homebuilders like myself a little bit.. but most of what I build and sell is under 700k total sales price so still not affected on the mortgage deduction and most of the tax's are at 10k or under.. So I am good.