It’s the SALT tax, stupid: Here’s why luxury home sales have surged
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It’s the SALT tax, stupid: Here’s why luxury home sales have surged Sales volume of Miami Beach homes in particular jumped 161%; agents, developers target high-tax markets to keep that going
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It’s the SALT tax, stupid: Here’s why luxury home sales have surged While the greater housing market has experienced a nationwide slowdown, the appetite for luxury homes.
It’s the SALT tax, stupid: Here’s why luxury home sales have surgedSource: Real Deal MiamiPublished on 2019-05-27
· While the greater housing market has experienced a nationwide slowdown, the appetite for luxury homes in Miami Beach has surged. Sellers and brokers attribute that in large part to the December 2017 federal tax overhaul , which limited the ability of taxpayers to deduct state and local taxes – dubbed SALT – from their income in 2018.