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| Re: The Newly Revised GOP Tax Plan (1482129) | |||
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Re: The Newly Revised GOP Tax Plan |
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Posted by AlM on Tue Dec 19 09:17:53 2017, in response to Re: The Newly Revised GOP Tax Plan, posted by Henry R32 #3730 on Mon Dec 18 21:11:26 2017. No, your rent is based on supply and demand. Supply won't change in the short term. Owning a home just got more expensive, so you will have more competing demand for your rental. The owner of your building will be able to increase your rent and get a tax break.In the long term more new construction will be rentals and the situation will tend to equalize. But by then it'll be 2026 and your tax break will be gone. And remember the mistake you made in your calculation. Your tax break is $1,000 less than you thought it was. |
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