in theory this would lock real estate prices in at or below the levels they are in when the law is passed.  kind of a bummer for anyone paying a loan, but in reality paying a loan is always a bummer.  people being people i would guess that there would things that would be sold with the house in order to sweeten the deal for the sellers. so the house itself is 100k, but for that deal to happen the buyer needs to pay 500k for the vintage wallmart air hockey table.  aside from that im sure theres other downsides.
United States