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Name:   InvestmentGuy - Email Member Reply
Subject:   Real estate - The Future?
Date:   11/3/2017 2:52:21 PM   IP ADDRESS:

Was looking at the House republican tax plan yesterday.  Proposals could be in store that limit the size of loans that qualify for home mortgage interest deductions to $500k.  But the "biggy" is this could be only available for primary homes, not second homes.  As you know Lake Martin is a huge second home market.  As we know, a lot of things can happen with proposed legislation.  If passed in present form, this could be seriously detrimental to the seond home market.

Wonder what it will do to home values on Lake Martin if these proposals get thru.  Was actively looking for another place after selling back several months ago, will wait until more clarity develops on this front.

Prospective buyers need to stay tuned in and informed!



Name:   MartiniMan - Email Member Reply
Subject:   Real estate - The Future?
Date:   11/3/2017 3:54:39 PM   IP ADDRESS:

Here is the problem for the House in getting any tax cuts through the Senate.  Because they have to use the reconcilation process which is immune to filibuster the tax plan has to be revenue neutral.  So because of Dems and RINOs in the Senate they have to giveth and taketh away.  Having said that, I suspect this change will not make the final cut which means they will have to make changes elsewhere to make up for that lost revenue.  Suffice to say that this is just the opening shot with lots to happen before it becomes law.  But anyone that thinks there will be a perfect bill with lots of goodies is folling themselves.  It has to be revenue neutral or the Dems/RINO's will kill it in the Senate.

Another missing piece is the repeal of the individual mandate and add-on capital gains tax under Obamacare.  That would have easily passed in the House but would have died in the Senate.  If somehow the Senate were to pass a reconciled bill with both of those repealed it would pass the House in an instant....but they were wise to leave it out for now.

Name:   GoneFishin - Email Member Reply
Subject:   Real estate - The Future?
Date:   11/3/2017 8:01:55 PM   IP ADDRESS:

Are you suggesting that the Freedom Conference will accept a plan that increases the debt? Why does the right have a problem with revenue neutral?

Name:   wix - Email Member Reply
Subject:   GOOF-COMMIE
Date:   11/4/2017 8:28:36 AM   IP ADDRESS:

Intelligent, non-dimokrapic, people make changes to the tax code to make good things happen, like better jobs, more corps brought home (that the dimokraps ran off), and more taxes because of the volume of taxable income, not the gimme mo policy of the dimokraps.

Name:   Beekeeper Tony - Email Member Reply
Subject:   Real estate - The Future?
Date:   11/5/2017 9:42:16 AM   IP ADDRESS:

If I can ever send you some listings just let me know.



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