Taxes

Mortgage Deductions For New Home Buyers vs Prop 13 For Old Buyers

Various tax regulations on real estate are both loved and hated by various people. Proposition 13 in California is blamed by prospective home buyers as being one of the reasons buying a house is so expensive. “Long-time homeowners aren’t paying their fair share.” What we rarely see is that income tax deductions for mortgage interest […]

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Proposition 19

Economic impact: “C.A.R. estimates that hundreds of millions of dollars in revenue will be generated for local governments and schools, with a major portion going to the state’s fund for fighting wildfires and to under-funded fire districts. These changes are also expected to spur activity in the housing market.” If the Proposition is estimated to

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