Taxing the virtue signalers

• President Donald Trump's tax cuts passed in 2017 appear to be partly behind the slowing housing market.
• The new law increased after-tax home-ownership costs and reduced incentives to own homes, through measures such as a cap on the amount of mortgage debt on which interest is deductible.
• While the tax overhaul came at the same time as higher borrowing costs, the New York Fed said the recent slowdown was more severe than previous episodes when mortgage rates rose by a similar amount.

A reminder to Cuomo and the virtue signalers. 

It is not a signal, those wealthy homeowners actually decided to raise their own taxes because as they got caught virtue signalling. We tax the virtue signalers, as LA is learning.