You Said What???
That is the answer I got from numerous developers I have spoken to about creating the platform
Speaking to 15 plus developers = Not all conversations are equal
They either said...
How the new Republican tax plan approved late last year will affect housing isn’t completely clear yet, but buying a home in 2018 will likely become more expensive, especially for buyers who live in high-tax states.
Taxpayers used to be able to deduct all of their state and local taxes, including property taxes, state income taxes and city income taxes, from their federal taxes.
So in 2018, it may make more sense for taxpayers to take the standard deduction instead of itemizing and taking the state and local tax deduction.
And tax changes affecting mortgages are also likely to hurt first-time home buyers — or any of us who can’t afford to buy a home with cash.
Most parts of the new tax law, including the state and local tax deduction cap and the new mortgage interest deduction limit, are set to expire in seven years.
Sellers are going to just not sell if they don’t get their price,” Mr. Miller said.
“When the spread’s very narrow, because you can’t go much lower than things are right now, you’re risk averse as a lender,” he said.
With interest rates currently at 4.54 percent for a 30-year-fixed rate mortgage per Bankrate — which is still a relatively low rate, despite having increased in the last year — lenders don’t have much incentive to lend.
But higher interest rates could change that and eventually make it easier for first-time buyers to get a mortgage.
“You’re taking a huge financial investment in exactly the same location that determines your labor income.” Any asset that isn’t risk-free, he added, “has a recession risk in it, so if there’s any bad shocks to hit the U.S. economy and we walk into a recession, or the inflation rate rises, housing prices can change.” Dr. Davis and brokers will likely tell you that what your decision should come down to is not so much whether you will make money off your home, or how much of a tax break you will or won’t get, but where you want to be — and for how long.