Tax partner Scott Jablow was recently a guest on Whissel Weekends, a weekly program on radio station The Answer San Diego devoted to real estate topics. Scott, whose practice centers on real estate tax matters, discussed the impact of the 2018 tax reform legislation on homeowners and investors. He noted that while there was an initial expectation that the legislation (especially the new limitations on deductions for interest and state and local property taxes) would drive down the market in California, that did not happen. Also of concern – especially among investors – was the change in the law related to 1031 like-kind exchanges. However, while the new law did change what types of property is eligible for a 1031 exchange, real property is still qualified property. Scott also noted that investors were showing a greater interest in investing outside California.