Trump's SALT pledge is a game changer for blue states: Mitch Roschelle | Fox Business Video

In a recent discussion, Mitch Roschelle, managing director at Madison Ventures Plus, highlighted the potential impact of Donald Trump's pledge to reinstate the state and local tax (SALT) deduction. This policy shift is expected to significantly influence the housing market in blue states, which typically have higher property taxes. By allowing homeowners to deduct these taxes from their federal income tax, it could make owning homes in these areas more financially viable, potentially boosting demand and prices in the housing market.

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If Trump successfully revives the SALT deduction, we can expect an increase in housing prices in blue states due to higher demand. Investors in real estate markets within these states may benefit from appreciation in property values and increased rental income due to improved housing affordability.

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