No Shit, Sherlock?

 Justin Fox / Bloomberg:

Housing Is Tanking in the Northeast.  Guess Why.  —  Losing big deductions for state and local property taxes is having the expected effect.  —  Sales of new single-family houses were down 13.2 percent in September from a year earlier, the Census Bureau reported Wednesday.

I will be the happiest girlhumanoid in the whole U.S.A. when the whole economic shithouse goes up in flames, a bit more than a decade after the last great flame-out, & the blame is directly attributed to Trump, the Republican Congress & their bullshit tax bill.

Anecdata: Nothing's moving locally, either.

$150,000+ off Mt. Washington hilltop home | $120,000 chop for Echo Park 4-on-a-lot | $50,000 price cut on Highland Park 5-bedroom

Prices on more than 70 condos, apartments and other Eastside properties dropped during the past week Read More »

Bear in mind the above reductions are from the poor(er), east-of-Western-Ave. part of town.

Meanwhile, as we circle the toilet ...