Can’t confirm this, but I heard one of the aspects of the tax bill has many Liberals up in arms is the changed to deduction allowed for mortgage interest was reduced. However, it reduced the amount allowed for mortgages in the amount of $1 Mil to $750 K. That that appear to hit three specific areas. Guess which ones?  CA, NY and MD. If you have a $1 Mil mortgage, are you really hurting in the grand scheme of things?  That is assuming folks didn’t over reach with their mortgage. The last part is just my opinion.

Anyways, guess when asked how many Liberals spewing the hate really know the facts about the reduction in mortgage interest deductions?

Can’t confirm this, but I heard one of the aspects of the tax bill has many Liberals up in arms is the changed to deduction allowed for mortgage interest was reduced. However, it reduced the amount allowed for mortgages in the amount of $1 Mil to $750 K. That that appear to hit three specific areas. Guess which ones?  CA, NY and MD. If you have a $1 Mil mortgage, are you really hurting in the grand scheme of things?  That is assuming folks didn’t over reach with their mortgage. The last part is just my opinion.

Anyways, guess when asked how many Liberals spewing the hate really know the facts about the reduction in mortgage interest deductions?

Oh they really know that particular fact. Who do you think is going to get hit the most by this reduction? Could it be the elitist Democrats that predominantly live in those states? 

Oh they really know that particular fact. Who do you think is going to get hit the most by this reduction? Could it be the elitist Democrats that predominantly live in those states? 

I was referring to some acquaintances (not really friends) that spew the “hate Trump” stuff constantly. They aren’t elitists in any of those states. Really just average couple with a daughter living in FL. BUT, they eat up everything sites like CNN and MSNBC throw out there.  It was actually an advantage to them. They even fall into a tax bracket that they benefit from the tax plan. Pointed those out to them, they just move on to other crap.

I was referring to some acquaintances (not really friends) that spew the “hate Trump” stuff constantly. They aren’t elitists in any of those states. Really just average couple with a daughter living in FL. BUT, they eat up everything sites like CNN and MSNBC throw out there.  It was actually an advantage to them. They even fall into a tax bracket that they benefit from the tax plan. Pointed those out to them, they just move on to other crap.

Sorry, didn't mean to insult your acquaintances. I just know too many of the progressive types (mostly family) that live in CA and NY that are complaining that they won't be able to deduct as much mortgage interest as they are used to. When I hear them complain about this I just ask them how much their house is worth. And then I snicker a bit. They change the subject after that.

Sorry, didn't mean to insult your acquaintances. I just know too many of the progressive types (mostly family) that live in CA and NY that are complaining that they won't be able to deduct as much mortgage interest as they are used to. When I hear them complain about this I just ask them how much their house is worth. And then I snicker a bit. They change the subject after that.

Nah. I insult them all the time about their blind hate, which often turns out to be from either misinformation or taking people’s word for it. 

Sorry, didn't mean to insult your acquaintances. I just know too many of the progressive types (mostly family) that live in CA and NY that are complaining that they won't be able to deduct as much mortgage interest as they are used to. When I hear them complain about this I just ask them how much their house is worth. And then I snicker a bit. They change the subject after that.

Is it capped at $750,000 mortgage interest or value of property?

It’s capped at $750,000 mortgage value.

Can’t confirm this, but I heard one of the aspects of the tax bill has many Liberals up in arms is the changed to deduction allowed for mortgage interest was reduced. However, it reduced the amount allowed for mortgages in the amount of $1 Mil to $750 K. That that appear to hit three specific areas. Guess which ones?  CA, NY and MD. If you have a $1 Mil mortgage, are you really hurting in the grand scheme of things?  That is assuming folks didn’t over reach with their mortgage. The last part is just my opinion.

Anyways, guess when asked how many Liberals spewing the hate really know the facts about the reduction in mortgage interest deductions?

I think it's more real estate and state taxes, which is capped at a 10k deduction. That hits States with high tax rates like CA, NY, NJ, etc

Sent from my SM-G920V using Tapatalk

Over 100 companies giving 'Trump Bonuses' after tax victory, 'tsunami building'

http://www.washingtonexaminer.com/over-100-companies-giving-trump-bonuses-after-tax-victory-tsunami-building/article/2644944

There are accusations that the high tax states have been using the write off on the federal tax as justification for increasing the local taxes. Now the high tax states (including Hawaii?) are caught with their pants down...

Over 100 companies giving 'Trump Bonuses' after tax victory, 'tsunami building'

http://www.washingtonexaminer.com/over-100-companies-giving-trump-bonuses-after-tax-victory-tsunami-building/article/2644944

Hawaii banks got included on the list 

Majority of the list is banks, wonder why?  I know they'll get more business because money will flow through them and they can give out more loans, but I'd expect a lot of other companies would jump in too.

Casino workers double bonuses... surprising no one...

https://www.reviewjournal.com/business/casinos-gaming/south-point-owner-doubles-bonuses-for-2300-full-time-workers/

Hawaii banks got included on the list 

Majority of the list is banks, wonder why?  I know they'll get more business because money will flow through them and they can give out more loans, but I'd expect a lot of other companies would jump in too.

Deregulation will reduce expenses and increasing interest rates improve net interest margin.

Sent from my SM-G920V using Tapatalk

I have been trying to figure out how the new tax bill is going to effect the home owner as compared to the real estate investor? Today I was listening to my favorite real estate investing podcast and they went through the new tax bill and how it effects both the home owner and the real estate investor. Owner occupied home ownership is at an all time low since 2004 at which time it peaked. Yet new homes are continuously being built. This means homes are being purchased less and less by owner occupants. Rather they are being purchased by investors and being used as rentals.

As far as the new tax bill is concerned, it lowers the amount an owner can deduct their mortgage interest, property taxes and state and local taxes. All of this discourages home ownership. Especially new buyers looking for a home. And it effects the people even more so on both coasts of the mainland. In particular the high income tax states like NY and CA. So the consensus is that the new tax bill will contribute to further erosion of home ownership and encourage more people to rent. The consensus also claimed that more and more real estate investors are not buying their own homes until they reach a certain level of rental income.

According to the real estate experts, the new tax bill along with interest rates rising will also effect home owners from buying a home to live in. And this in turn will effect the prices and values of real estate mostly on the east and west coast states where home prices are ridiculously high. They predicted a drop in property values across the states with the coastal states being hit the most.

Another lesser known boon to real estate investors is now that all updates and upgrades to rental properties as well as purchases of assets for your business is 100% deductible in the year the purchases were made instead of being depreciated over a timeframe.

My conclusion is that before the new tax bill, it was a good time to be a real estate investor. Now, it is even better.

I have been trying to figure out how the new tax bill is going to effect the home owner as compared to the real estate investor? Today I was listening to my favorite real estate investing podcast and they went through the new tax bill and how it effects both the home owner and the real estate investor. Owner occupied home ownership is at an all time low since 2004 at which time it peaked. Yet new homes are continuously being built. This means homes are being purchased less and less by owner occupants. Rather they are being purchased by investors and being used as rentals.

As far as the new tax bill is concerned, it lowers the amount an owner can deduct their mortgage interest, property taxes and state and local taxes. All of this discourages home ownership. Especially new buyers looking for a home. And it effects the people even more so on both coasts of the mainland. In particular the high income tax states like NY and CA. So the consensus is that the new tax bill will contribute to further erosion of home ownership and encourage more people to rent. The consensus also claimed that more and more real estate investors are not buying their own homes until they reach a certain level of rental income.

According to the real estate experts, the new tax bill along with interest rates rising will also effect home owners from buying a home to live in. And this in turn will effect the prices and values of real estate mostly on the east and west coast states where home prices are ridiculously high. They predicted a drop in property values across the states with the coastal states being hit the most.

Another lesser known boon to real estate investors is now that all updates and upgrades to rental properties as well as purchases of assets for your business is 100% deductible in the year the purchases were made instead of being depreciated over a timeframe.

My conclusion is that before the new tax bill, it was a good time to be a real estate investor. Now, it is even better.

For every positive benefit in real estate, there is a corresponding negative factor.  It all depends on whether you buy, rent, or sell.

Sellers are going to experience lower prices in some areas if rental investments and home ownership levels decline.  Less demand = lower prices.  Good for buyers.

Owners looking to use their equity for upgrades, college, etc. can take advantage of low interest rates and higher prices now.  The principle being spent will assist in economic growth.

Anyone looking to buy another property might want to sell now, rent, and wait for prices to come down. They have a certain number of years to put their profit on their sold home into another home before paying capital gains on it.

There's no absolute rule for how the tax reform bill will affect home buying, selling or prices early on.  If people aren't buying, prices may be a bigger factor than tax advantages. If you can't afford the payments and don't have a huge downpayment, you're not going to take the house even with a huge tax refund every year.

I have been trying to figure out how the new tax bill is going to effect the home owner as compared to the real estate investor? Today I was listening to my favorite real estate investing podcast and they went through the new tax bill and how it effects both the home owner and the real estate investor. Owner occupied home ownership is at an all time low since 2004 at which time it peaked. Yet new homes are continuously being built. This means homes are being purchased less and less by owner occupants. Rather they are being purchased by investors and being used as rentals.

As far as the new tax bill is concerned, it lowers the amount an owner can deduct their mortgage interest, property taxes and state and local taxes. All of this discourages home ownership. Especially new buyers looking for a home. And it effects the people even more so on both coasts of the mainland. In particular the high income tax states like NY and CA. So the consensus is that the new tax bill will contribute to further erosion of home ownership and encourage more people to rent. The consensus also claimed that more and more real estate investors are not buying their own homes until they reach a certain level of rental income.

According to the real estate experts, the new tax bill along with interest rates rising will also effect home owners from buying a home to live in. And this in turn will effect the prices and values of real estate mostly on the east and west coast states where home prices are ridiculously high. They predicted a drop in property values across the states with the coastal states being hit the most.

Another lesser known boon to real estate investors is now that all updates and upgrades to rental properties as well as purchases of assets for your business is 100% deductible in the year the purchases were made instead of being depreciated over a timeframe.

My conclusion is that before the new tax bill, it was a good time to be a real estate investor. Now, it is even better.

Perfect,  I need prices to drop before I buy!!

KGMB just reported, Hawaiian Electric is predicting most customers will see a drop in electric bills due to the new tax reform bill.

MORE WINNING!!   


Also ...
Utilities cutting rates, cite benefits of Trump tax reform

On the heels of companies dishing bonuses of up to $3,000 to over one million workers due to the
anticipated benefit of President Trump’s tax reform victory, several major utilities have announced
plans to cut rates in a consumer payback related to the lower taxes.

Energy suppliers like Washington’s Pepco, Baltimore Gas and Light, Pacific Power, Rocky Mountain
Power and Commonwealth Edison said they plan to give hundreds of thousands of customers a rate
cut due to the tax reform.

http://www.washingtonexaminer.com/utilities-cutting-rates-cite-benefits-of-trump-tax-reform/article/2645375

Perfect,  I need prices to drop before I buy!!

We'll see how it effects us here. Until the pressure of the lack of housing eases, the prices may not drop or may not drop very much. Ho'opili construction is under way. If my memory is correct I believe they are building 18,000 new mixed home types. Over 10 years. That may ease pressure a bit. I keep hearing a lot of people are leaving our state yet the figures put out by our government show us to continue to grow. It is hard to predict what exactly is going to happen. 

We'll see how it effects us here. Until the pressure of the lack of housing eases, the prices may not drop or may not drop very much. Ho'opili construction is under way. If my memory is correct I believe they are building 18,000 new mixed home types. Over 10 years. That may ease pressure a bit. I keep hearing a lot of people are leaving our state yet the figures put out by our government show us to continue to grow. It is hard to predict what exactly is going to happen. 

The Koa Ridge development in Waipio is moving forward.  Lots of housing planned there, including 30% of them as affordable "below market" units. 3,500 homes are expected to be ready for move-in starting in 2019.

https://www.castlecookehawaii.com/Page/KoaRidge-Home

I have been trying to figure out how the new tax bill is going to effect the home owner as compared to the real estate investor? Today I was listening to my favorite real estate investing podcast and they went through the new tax bill and how it effects both the home owner and the real estate investor. Owner occupied home ownership is at an all time low since 2004 at which time it peaked. Yet new homes are continuously being built. This means homes are being purchased less and less by owner occupants. Rather they are being purchased by investors and being used as rentals.

As far as the new tax bill is concerned, it lowers the amount an owner can deduct their mortgage interest, property taxes and state and local taxes. All of this discourages home ownership. Especially new buyers looking for a home. And it effects the people even more so on both coasts of the mainland. In particular the high income tax states like NY and CA. So the consensus is that the new tax bill will contribute to further erosion of home ownership and encourage more people to rent. The consensus also claimed that more and more real estate investors are not buying their own homes until they reach a certain level of rental income.

According to the real estate experts, the new tax bill along with interest rates rising will also effect home owners from buying a home to live in. And this in turn will effect the prices and values of real estate mostly on the east and west coast states where home prices are ridiculously high. They predicted a drop in property values across the states with the coastal states being hit the most.

Another lesser known boon to real estate investors is now that all updates and upgrades to rental properties as well as purchases of assets for your business is 100% deductible in the year the purchases were made instead of being depreciated over a timeframe.

My conclusion is that before the new tax bill, it was a good time to be a real estate investor. Now, it is even better.

This is very evident here. Look no further than A'alii and their "micro" units. Who in their right mind is going to pay a half million dollars or more for less than 300 Sq ft?

This is Howard Hughes targeting the investor and foreign market. I feel sorry for kids coming out of college these days. Can't afford anything and can't save enough to keep up with price inflation. Not to mention their savings earn nothing thanks to the low interest rate environment.

Sent from my SM-G920V using Tapatalk