this plan would devastate the real estate investment market that relies on deducting property taxes to make a property profitable.
THIS IS A HORRIBLE PLAN
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That’s why you don’t put all your eggs in one basket or investment type. This plan gives the middle finger to all those big-mouth libs in NY, NJ and California that whined they were willing to pay higher taxes.
Now they get their chance.
well if you are a homeowner you should care because this plan would cause the real estate market to collapse making the home you are living in worth less than you owe possibly.
This could cause another massive recession/depression.
the last time the government messed with the deductions on real estate was the mid 80’s... and it destroyed the real estate market for a decade.
“That’s why you don’t put all your eggs in one basket or investment type. This plan gives the middle finger to all those big-mouth libs in NY, NJ and California that whined they were willing to pay higher taxes.”
This plan apparently gives the finger to middle-class homeowners!
“That’s why you don’t put all your eggs in one basket or investment type. “
I should sell my home in order to diversify my investments?????
And what about the not-so-big-mouth conservatives in PA who voted for Trump, who will see their tax liability go up astronomically.