How The New Tax Law Might Affect Home Ownership
Here is a nice snapshot of how the new tax laws may affect home ownership costs. The California Association of Realtors was against many portions of the new bill, and may have had some influence in saving some of the deductions that come with paying property taxes and state and local taxes. Overall, I do not think the new bill will affect the market in a big way. As with everything new, there will be some affect at the beginning as people get used to it, and there will be greater affect in higher priced cities. Take a look below if you want more details and a breakdown of some numbers.
After growing up in Nevada and Placer counties, I went to college to become an airline pilot. I received my pilots license at the age of 18 and have been flying ever since. I began working for U.S. Ba....