The GOP’s tax bill will impact the housing market in four big ways. It nearly doubles the standard deduction, lowers the cap on the mortgage-interest deduction, caps the deduction for staten and local taxes, and eliminates deduction for in terest on home-equity debt. The new tax law represents a momentous change for how housing will […]
Tag: homeownership
Crazy-high rent, record-low homeownership, and overcrowding: California has a plan to solve the housing crisis, but not without a fight
Skye Gould/Business Insider Tanza Loudenback/Business Insider Things were going well for Ira Belgrade in 2009. The Los Angeleno and his wife of more than 13 years ran a successful talent-management company, and they’d recently converted their garage into a home office and rec room. Then, that April, Belgrade’s wife died suddenly from complications related to […]