It won't impact long-time owners much, but those who buy new homes (or have recently done so) would have their taxes cut dramatically.

I have seen on other message boards how people will essentially have "thread blogs" that will document their progression of information.

Owning can be for a second.If a lender in involved they might have requirements that impact what sale price they will work from when determining the amount they will lend.It is not a matter of law but market or business practice.John Corey

The only real thing that tends to impact the whole of the US at the same time is the interest rate for a mortgage.Parts of NY, most all of the Midwest down to TX missed the boom.

Essentially the points seem to be buying down the interest rate.

Originally posted by "all cash":He's defrauded not only you, but the rest of us taxpayers.all cashHow has he impacted the taxpayers.

The property type and how you use the property can impact the situation as a multi-family might mean 2-4 unit owner occupied building or you might be thinking a 5+ multi-family commercial building.If seasoning is required you will not be able to refinance for 3, 6 or 12 months for example.

Hence they rarely fully understand how the loan will impact their credit even if the tenant buyer performs.John Corey

I can answer the question of the financing and can minimize that impact significantly.

Instead of relying on a cap rate that is garbage, I simply calculate the cash flow (using real world expense numbers) and look at the equity from my experience of looking at hundreds of rentals in my area(which is essentially comps, except I'm not relying on someone else's opinion of the value).