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Re: Mother, mother, mother - there's too many of you crying.
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Originally Posted by Tyrone Slothrop
I'm sure that Sebby continues to think there would have been no real difference between the Hillary and the Donald Administrations. Sure, Sebby is going to get screwed when he can't deduct state and local tax payments anymore, but no doubt Hillary was going to do that too.
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I think a way around the SALT deduction rollback would be to finance the property taxes. The mortgage interest deduction still exists. Banks could build the local property taxes into the loan as some do now via escrow charges. Only instead of calling them escrow, capitalize them into the principal every year at a higher interest rate, commensurate with the property tax deduction lost. Or just charge stand alone "special interest" equivalent to the amount of property tax paid each year. It'd take some creative math and structuring to do so and still have the loan amortize anywhere near properly, but where there's a will...
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Last edited by sebastian_dangerfield; 12-01-2017 at 01:55 PM..
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