Month: October 2017

SOLD – 288 San Jose Avenue, San Francisco

Crystal Schip - RealtorLeave a comment

Congratulations to my clients for purchasing their first home together!  After beating out multiple other offers, they purchased their new home in the exact neighborhood they desired.  This 2-bedroom condo is nestled between the Noe Valley and Mission Dolores neighborhoods, right where they wanted to be, and is a spacious upgrade from their previous apartment.  I’m so excited for them to move in and start making memories in their new place! Continue reading “SOLD – 288 San Jose Avenue, San Francisco” →

Congress may cap mortgage interest deduction at $500K

Crystal Schip - RealtorLeave a comment

West Coast homeowners would be affected most

As part of their attempt to overhaul the federal tax system, the GOP and Trump administration are writing legislation that would place new limits on the home mortgage tax deduction—one of the longest standing benefits for homeowners. The move would help offset revenue that would be lost by cutting corporate and personal tax rates.

Tax change could be one-two punch for California homeowners
Such a cut would have the biggest effect on owners in expensive urban centers around the U.S., as well as most of the West Coast, where home prices are among the highest in the country, according to The Los Angeles Times. This proposal is on top of another anticipated change in the tax code that would hurt Californians more than residents in any other state—the ability to deduct state and local taxes from federal taxes. Continue reading “Congress may cap mortgage interest deduction at $500K” →