Comments 1 - 15 of 15 Search these comments
Only being able to write off $10k of a $25k property tax bill from your annual federal income taxes probably has...oh..."something"...to do with falling prices too, I'd wager.
SunnyvaleCA saysThat said, the $20k standard deduction for married couples is going to be great for almost all married couples living in flyover country.
I don't own, live in Calizuela and it is already great for us! I actually saw a tax cut.
I don't own, live in Calizuela and it is already great for us! I actually saw a tax cut.
salesman told me how I'd save money by financing the car, because the loan interest was tax deductible
It's stunning how many people believe that you "save" money by paying interest.
B.A.C.A.H. sayssalesman told me how I'd save money by financing the car, because the loan interest was tax deductible
It's stunning how many people believe that you "save" money by paying interest.
I try to be patient and explain that paying interest is a higher cost than not paying interest.
Still, half the time I can tell that it didn't sink in.
"But this one goes to 11!"
Sure best to get rid of credit card debt first, but I can't even get the simple point to stick: interest costs more than no interest.
SunnyvaleCA saysOops, I got the SALT limit ($10k) and the standard deduction ($12k or $24k for 2018) confused.Was that attributable to $20k married deduction or AMT or something else?
$24,800 deduction. It's $12,400 for individuals.
Of course the reporters really REALLY don't want to report this fact because real estate ads are the biggest revenue source for them these days, so they include tons of bullshit to please realtor scum:
"Demand still strong for limited supply of homes"
"could be bringing a modest correction"
"declining prices could be seen as a small market correction after years of soaring values"
"The trend lines for the region’s home sales still show strong demand and limited supply"
"Homes on the market are still selling quickly."
"Nancie Allen, an agent with MasterKey in Fremont, said tight inventory is limiting buyer choices, and homes priced competitively move quickly."
"Santa Clara County homes near tech companies remain popular with young, professional families"
"For homes in good school districts “the market is still pretty hot,” Wong said."
Jeez, the article is 10% fact and 90% realtor lies. But it's a start towards the truth that the Bay Area housing market will fall for many years to come.