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Sub 1M Condo Market Tax Reform Winner

Started by SteveFR
about 8 years ago
Posts: 74
Member since: Apr 2017
Discussion about
If the tax reform passes with the 10k property tax and 500k mortgage interest deduction limitations then entry level(studios/small 1bd) will be the only manhattan tier not to be effected for buyers. This along with the new favorable rental aspects(Standard Deduction doubling etc) there will be an influx of new renters. Investors will look to buy entry level condos/entry level rentals to take advantage of that..... Anyone else with thoughts?
Response by 30yrs_RE_20_in_REO
about 8 years ago
Posts: 9876
Member since: Mar 2009

You mean exactly the same kind of property which developers are building in record numbers as rental units?
https://www.amny.com/news/construction-nyc-record-1.14996654

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