tax-plan-poised-to-benefit-landlords

We can buy and rent to each other to get tax deductions. The only downside is slightly higher mortgage rate for investment properties.

Note that the article is saying they will be good Investments because prices will fall.

"Unlike owner-occupants, investors in single-family homes can write off all the expenses of owning and running a rental because the properties are considered a business."

"The interest on those mortgages, along with repair and management costs, are deducted from the income the property produces."

Unbelievable. And of course commercial investors come out even better than before under the new tax bills. Shortened depreciation schedule. Automatic qualification for lower pass through rate as a passive investor. Why are the American people down for this?

New Yorkers are already getting crushed: https://www.hauseit.com/nyc-real-estate-taxes/ Now the burden will be higher with no SALT deductions? It's quite unreal.

JR - what about the new corker last minute addition benefiting real estate investors? I'm a bit confused still at impact. You can deduct 2.5% of capital investor or 25% of wages paid, whichever is less?

Scratching my head a bit ... if it was just straight 2.5% deduction allowed then it's even more of a coup for real estate investors...