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Re: Mother, mother, mother - there's too many of you crying.
Quote:
Originally Posted by LessinSF
Don't forget the reduction in the cap on mortgage interest from $1MM to $500,000.
Home buyers care about what they can afford per month. So, if you are like me, with a home valued at $900,000, a buyer needing a $720,000 loan now has to pay more per month for that loan because $220,000 of it is no longer deductible. Ergo, my place's value will plummet.
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It's OK they still have my name on the list at The Projects. Hopefully they didn't paint over my tag on the handball courts.
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gothamtakecontrol
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