What’s the 2018 Tax Law Mean for Real Estate in Tehachapi?

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What’s the 2018 Tax Law Mean for Real Estate in Tehachapi? NAR (National Association of REALTORS®) is projecting a 1-3% growth in home values in 2018 but says that in areas with higher housing costs there could actually be a decline in value.  Why is that? The new tax law limits the state (and local) income tax and property tax deductions to $10,000 total.  That will definitely have a big impact in higher property value areas.  For example, a property valued at about $800,000 could expect…

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Green Homes Are Different

Thinking about a green home in Tehachapi?  No, I’m not talking about the exterior color, although we do seem to have a number of green-colored homes in the area.  I wonder if that’s the result of subliminal advertising on the part of the homeowner?  Does a green-colored exterior indicate the interior is more energy efficient than a tan-colored exterior?  But, I digress. How “green” does a home have to be to qualify for that description?  The house that uses a composting toilet, solar panels and/or…

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Real Estate News Roundup

What will the new consumer protection bureau do for home buyers? Part of the financial reform bill signed into law by President Obama includes the creation of a Consumer Financial Protection Bureau, which plans to write new rules and monitor problems and abuses in areas such as residential real estate settlements, credit scores, “truth in lending,” and equal credit opportunity. Is setting up yet another bureaucratic agency really going to provide any significant benefit to consumers?  Well, it may be a way to finally get…

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Why Rent When You Can Buy?

I still believe that owning a home is among the best things one can do for themselves and their families.  There are many good reasons to buy a home rather than renting. Tax deductions Lets start with the fact that you still get a whopping big tax deduction for owning a home.  You don’t get that for renting. Customize to your heart’s content. How do you think the landlord will feel when you hang a 61″ television off the wall in that rental?  And by…

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