This document discusses the potential for a high-tax state exodus in the United States. It notes that the recent tax plan's elimination of state and local tax deductions could result in a five-figure tax hike for high-income coastal homeowners. This may negatively impact home prices and the finance sector in states like New York and California. The document also examines factors beyond taxes, like climate change and rising housing costs, that could contribute to people leaving coastal cities. It presents a scenario where life in high-tax coastal areas becomes less attractive and drives a correction in real estate markets in those states.
Residential Housing Market Outlook - NAR's Chief Economist Lawrence YunWRAR
Housing Market Outlook
Lawrence Yun, Ph.D.
Chief Economist
NATIONAL ASSOCIATION OF REALTORS®
Presentation at NAR Midyear Legislative Meetings
Washington, D.C.
May 12, 2011
The residential and now commercial mortgage problem is still the biggest
issue facing the U.S. Economy. A year ago, I presented this Powerpoint
Slide show, "The Mortgage Mess" (see the attachment). It is very
interesting to see what has happened in the past almost 12 months.
* The situation has become worse, not better, in spite of throwing
hundreds of billions of dollars at the problem. The TARP funds were not
used as intended, and are being redirected for other purposes.
* The problem hasn't gone away. There will be as many foreclosures in the
next couple of years as have already occurred. One out of every seven
houses in the country is underwater: the home values are less than the
mortgages on the homes.
* Although the GDP shows some slight improvement, that is mostly due to
artificial stimulus, which cannot last.
* We are still losing 200,000 jobs every month; better than the 700,000
per month we were losing in the Spring, but still increasing nonetheless.
* Mark Zandi of Moody Economics has said within the last two days that
unemployment can be expected to peak at 10.6%; when counting in those who
have stopped looking and those who are underemployed (the engineer flipping
burgers), it is closer to 18% - 20%. Such unemployment rates cannot sustain
any solid economic recovery.
* The credit card bust is well underway. Whereas there were 400 million credit cards issued a year, now there are only 300 million in circulation,
and interest rates have increased significantly.
Annie Williams Real Estate Report Nov-Dec 2017Jon Weaver
After reaching a new high in May, prices for single-family, re-sale homes drifted lower over the following four months. Then, in October, prices set new alltime highs again! The median price for homes gained 13.2% over last October. That's the eighth month in a row the median price for homes has been higher than the year before.
Residential Housing Market Outlook - NAR's Chief Economist Lawrence YunWRAR
Housing Market Outlook
Lawrence Yun, Ph.D.
Chief Economist
NATIONAL ASSOCIATION OF REALTORS®
Presentation at NAR Midyear Legislative Meetings
Washington, D.C.
May 12, 2011
The residential and now commercial mortgage problem is still the biggest
issue facing the U.S. Economy. A year ago, I presented this Powerpoint
Slide show, "The Mortgage Mess" (see the attachment). It is very
interesting to see what has happened in the past almost 12 months.
* The situation has become worse, not better, in spite of throwing
hundreds of billions of dollars at the problem. The TARP funds were not
used as intended, and are being redirected for other purposes.
* The problem hasn't gone away. There will be as many foreclosures in the
next couple of years as have already occurred. One out of every seven
houses in the country is underwater: the home values are less than the
mortgages on the homes.
* Although the GDP shows some slight improvement, that is mostly due to
artificial stimulus, which cannot last.
* We are still losing 200,000 jobs every month; better than the 700,000
per month we were losing in the Spring, but still increasing nonetheless.
* Mark Zandi of Moody Economics has said within the last two days that
unemployment can be expected to peak at 10.6%; when counting in those who
have stopped looking and those who are underemployed (the engineer flipping
burgers), it is closer to 18% - 20%. Such unemployment rates cannot sustain
any solid economic recovery.
* The credit card bust is well underway. Whereas there were 400 million credit cards issued a year, now there are only 300 million in circulation,
and interest rates have increased significantly.
Annie Williams Real Estate Report Nov-Dec 2017Jon Weaver
After reaching a new high in May, prices for single-family, re-sale homes drifted lower over the following four months. Then, in October, prices set new alltime highs again! The median price for homes gained 13.2% over last October. That's the eighth month in a row the median price for homes has been higher than the year before.
Annie Williams Real Estate Report - March 2018Annie Williams
The average price for single-family, re-sale homes in San Francisco jumped back over $2,000,000 in February. At $2,158,298, the average priced gained 55.6% over last year. The median price jumped 58.7% to $1,730,000. Home sales plummeted for the third month in a row, falling 39.9% year-over-year.
Condo/townhome sales, on the other hand, spiked 20.4% over last February.
Switch. Save. Give.: Using energy deregulation to give back to communityTracy Dvorak-Marshall
Element Energy Advisors, a nationwide network of energy consultants based in Western Colorado, is giving back. For companies in Western Colorado who switch their commercial natural gas supplier to a lower cost supplier, we will donate 100% of our commission fees to a local nonprofit of their choice.
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Annie Williams Real Estate Report - June 2020Jon Weaver
Sales of single-family, re-sale homes tanked, again, in May compared to last year. Home sales were down 56.5%. There were 104 homes sold in San Francisco last month. The average since 2000 is 214. We expect home sales to continue dropping for the next two months.
Annie Williams Real Estate Report - July 2020Jon Weaver
Sales of single-family, re-sale homes jumped in June, rising 56.7% from May. They were down 14.2% year-over-year. There were 163 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 29.8%. Condo sales are down 36.9%.
Las Vegas Luxury Home Source December 2017 Market StatisticsLuxury Home Source
Stay up-to-date on the Las Vegas real estate market with Luxury Home Source's Market Statistics.
Las Vegas Luxury Home Source outlines residential sales between December 2017, November 2017, and the year over year growth.
Are you considering buying or selling a Luxury home in Las Vegas or Henderson? We are here to help. Our team specializes in luxury communities across the Las Vegas Valley.
Visit us at: LuxuryHomeSource.com
Follow us at:
Twitter: @luxhomesource
Facebook: LuxuryHomeSource
Google+ : +Luxuryhomesource
Zillow Sued Over Zestimates - June/July Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Annie Williams Real Estate Report - March 2018Annie Williams
The average price for single-family, re-sale homes in San Francisco jumped back over $2,000,000 in February. At $2,158,298, the average priced gained 55.6% over last year. The median price jumped 58.7% to $1,730,000. Home sales plummeted for the third month in a row, falling 39.9% year-over-year.
Condo/townhome sales, on the other hand, spiked 20.4% over last February.
Switch. Save. Give.: Using energy deregulation to give back to communityTracy Dvorak-Marshall
Element Energy Advisors, a nationwide network of energy consultants based in Western Colorado, is giving back. For companies in Western Colorado who switch their commercial natural gas supplier to a lower cost supplier, we will donate 100% of our commission fees to a local nonprofit of their choice.
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Annie Williams Real Estate Report - June 2020Jon Weaver
Sales of single-family, re-sale homes tanked, again, in May compared to last year. Home sales were down 56.5%. There were 104 homes sold in San Francisco last month. The average since 2000 is 214. We expect home sales to continue dropping for the next two months.
Annie Williams Real Estate Report - July 2020Jon Weaver
Sales of single-family, re-sale homes jumped in June, rising 56.7% from May. They were down 14.2% year-over-year. There were 163 homes sold in San Francisco last month. The average since 2000 is 214. Year-to-date, home sales are down 29.8%. Condo sales are down 36.9%.
Las Vegas Luxury Home Source December 2017 Market StatisticsLuxury Home Source
Stay up-to-date on the Las Vegas real estate market with Luxury Home Source's Market Statistics.
Las Vegas Luxury Home Source outlines residential sales between December 2017, November 2017, and the year over year growth.
Are you considering buying or selling a Luxury home in Las Vegas or Henderson? We are here to help. Our team specializes in luxury communities across the Las Vegas Valley.
Visit us at: LuxuryHomeSource.com
Follow us at:
Twitter: @luxhomesource
Facebook: LuxuryHomeSource
Google+ : +Luxuryhomesource
Zillow Sued Over Zestimates - June/July Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Here is a brief look at the real estate market for Canada. The presentation talks about housing starts, average prices as well as systemic issues facing real estate including affordability.
For a class assignment on the 2007-08 economic crisis. We focused on the idea of a "Shifting Economic Position" as the major reason for the crisis (as per assignment) - Leave a comment if you download, please!
Govt spending 28 oct 2021 - war-room slideshiddenlevers
Webinar on US government spending and potential economic and market scenarios based on the outcome of President Biden's infrastructure and Build Back Better legislative push.
Markets are priced for a soft landing and bad news could disrupt returns but based on starting yields it would be hard to get a negative return. How will high yield bond spreads be influenced by the economy's ability to achieve a soft landing?
Will the economy experience a soft economic landing as inflation decreases or will the change to inflation be more than expected? Is a hard economic landing still possible?
Will geopolitical sentiment resemble the post Berlin Wall era and cause an uproar in the the equity markets? Or will hostilities towards the US increase?
What impacts will the Midterm Election have on the strength of the economy? Will we experience typical Midterm performance or will inflationary pressures control the market?
What impacts will the Midterm Election have on on the strength of the economy? Will we experience typical Midterm performance or will inflationary pressures control the market?
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
7. High-income coastal homeowners:
5 FIGURE TAX HIKE COMING
Finance sector inseparable from
real estate, will suffer if it does
Home prices
protected by slow
home construction
High-Tax State Exodus – Take-aways
Push factors bigger than taxes
creating Coastal Exodus
9. TODAY: US Housing Pulse Check
Avg
1.46M
peak
2M
Housing
Starts
Now: 1.29M
12% below
50y average
Low
870k
US home prices are 6% above 2006 peak – but housing starts
are still 12% below the long-term average, underpinning prices.
sources: HiddenLevers, WSJ, Reuters, St. Louis FRED
US Home Prices
Case-Shiller
Index
Now: 195.5
2006: 184.6
10. TODAY: Real Estate in Equity Markets
sources: HiddenLevers
Finance Sector (VFH)
benefited as much from home
price rise as real estate sector
+50%
+138%
+214%
+101%
+217%
March 2012 – US Home
Prices reach lowest point
since 2004
Since
03/2012
11. TODAY: Sources of US Housing Demand
sources: HiddenLevers, WSJ, LA Times, NY Times, Builder Online, SJ Mercury News, The Mortgage
FOREIGN
BUYERS
2017 $31.7B
2016 $27.3B
2017 $19B
2016 $8.9B
RISING
INCOMES
First time
home buying
highest since
2000
Rising income
means rising
family
formation
MILLENIALS
Paying
premiums for
proximity to
business
districts
Less interested
in commuting
Single women
buy more than
single men
RETIREES
Not really
downsizing
Not letting
single-family
home areas
rezone for
smaller homes,
or multiple
homes per lot.
12. TODAY: High SALT Areas
sources: HiddenLevers, Business Insider, FRED
SF LA
USA BOS DC
Home Price Growth 2012-2017
NYC
California = Highest Risk
CA prices outpace USA average
+
high taxes
State + Local Tax Deduction, by County
14. STUMBLES: History on Deductions
sources: HiddenLevers, TaxHistory, GFOA, NYT, TheBalance, FAS
Allows home owners to reduce taxable
income, promoting homeownership
Introduced: 1986 as part of the Tax
Reform Act
2010 – Controversy to eliminate tax
loopholes + add cut-off points to select
exclusions such as mortgage deduction.
Allows for State and Local Taxes to be
deducted to prevent double taxation
Introduced: 1862 as part of
federal income taxation
1985 - Attempt to repeal by Reagan
1986 – Eliminates deductibility of state
sales tax (Re-introduced in 2004)
Mortgage DeductionState + Local Taxes (SALT)
15. STUMBLES: High-tax State Impact
sources: HiddenLevers, NY Times, Motley Fool, Business Insider
Average State and Local Tax (SALT) Deduction for High-Income (200k+) Tax Filers
States with Highest
SALT Deduction
Repeal of SALT deduction hits coastal metros like NYC, SF, LA, and DC hardest.
Rough estimates for a family with 600k income + 100k SALT deductions:
+22k AMT Repeal
-37k loss of SALT deductions at new top tax rate
-15k under new plan
16. STUMBLES: SALT deductions vs Bigger Problems
sources: HiddenLevers, NY Times, USA Today, Washington Post, NY Daily News, Coalition for the Homeless, Newsweek, HUD, Daily Californian,
Faster job growth elsewhere
Climate disasters too frequent
Pushback on denser housing
Rising homelessness = trouble
Tax plan kills SALT deductions
-> changes valuation calculus
-> high-tax states mostly on coast
Coastal Correction
Coastal Exodus
2009-16
USA -13%
2017
USA +0.7%
NYC +4%
LA +26%
SF FLAT
Alameda +20%
Homeless in USA
Homeless in USA
18. UPDATE: US Housing = Too Basic
Sources: HiddenLevers
US Coastal ExodusUS Housing
19. BAD
GOOD
SCENARIO: US Coastal Exodus
Home Prices
-15%
S&P 500
-21%
Home Prices
+5%
S&P 500
+6%
$
CHINESE
BUYERS
REAL
DRIVER
Home Prices
-5%
S&P 500
-5%
-10% IN
HIGH-TAX
MARKETS
Foreign Money Steps In
High-Tax State
Correction
UGLY
Tax Plan +
Climate Change
LIFE IN
COASTAL
CITIES JUST
NOT WORTH
IT
NY
CA
NJ
21. High-income coastal homeowners:
5 FIGURE TAX HIKE COMING
Finance sector inseparable from
real estate, will suffer if it does
Home prices
protected by slow
home construction
High-Tax State Exodus – Take-aways
Push factors bigger than taxes
creating Coastal Exodus
Sources: HiddenLevers
Editor's Notes
10. AS: homebuilder stocks / etfs / mutual fund performance (US incomes rising, economy growing, Re construction)
14. AS: history – how long has SALT deduction been around? Mortgage deduction? 1985 attempt to repeal SALT deductions… mortgage interest deduction created mid 2000s bubble
Property taxes diferentiated from SALT
State property and mortgage interest
What
When introduced
Attempts to repeal /limit
