San Francisco Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
General Landlording & Rental Properties
presented by
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Home Mortgage Interest Deduction reduction & affect on CA RE
With the proposed reduction of the Home Mortgage Interest Deduction to $500k in the GOP Tax plan, wondering what the affect will be on Real estate in States with High Home prices: CA, NY, NJ, HI etc. Appears that this would apply to only new purchases and not existing mortgages, which would get grandfathered.
Realtors associations and home builders have already come out against the reduction in the deduction limits.