Le Lézard
Classified in: Business
Subjects: ECO, STP

Tax reform bill will hurt California homeowners


LOS ANGELES, Nov. 2, 2017 /PRNewswire-USNewswire/ -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to Republican leaders' tax reform bill announced today:

CALIFORNIA ASSOCIATION OF REALTORS (PRNewsFoto/C.A.R.)

"We are currently reading through the bill proposed today to determine the exact impact it will have on California homeowners and its housing market," said C.A.R. President Geoff McIntosh. "From what we have seen so far, limiting the mortgage interest deduction to $500,000 will no doubt hurt homeownership in states with high housing costs such as California."

"Any change that would make homebuying less attractive will be detrimental to the housing industry and the nation's economy because of the 2.5 million private-sector jobs created by the industry in an average year," said McIntosh.

Leading the way...® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 190,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

 

SOURCE CALIFORNIA ASSOCIATION OF REALTORS


These press releases may also interest you

at 13:50
Wild Turkey® Bourbon today announced Warren Zeiders as the headliner for its third annual 101 Bold Nights concert series, an initiative that aims to elevate bold voices in the music industry by spotlighting artists who share the brand's commitment to...

at 13:43
Nuvo, the fastest trade credit management platform for B2B sellers, has announced a strategic relationship with Equifax®, a leading global data, analytics and technology company....

at 13:30
OneLayer, a leader in securing and orchestrating private LTE/5G networks for...

at 13:23
GBank Financial Holdings Inc. (the "Company") , the parent company for GBank (the "Bank"), today announced it will host its annual meeting of shareholders on Tuesday, May 7, 2024, at 2:00 p.m. (PST). Shareholders will be able to listen from their...

at 13:20
Transaction in Own Shares 25 April, 2024 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Shell plc (the ?Company') announces that on 25 April 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according...

at 13:18
Greystar Real Estate Partners, LLC ("Greystar"), a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that Jessup House, located at 12th and Sansom, and open...



News published on and distributed by: