Lake Martin Topics: Real estate - The Future?
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Name:
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InvestmentGuy
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Subject:
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Real estate - The Future?
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Date:
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11/3/2017 2:52:21 PM
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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!
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