No. of Recommendations: 3
In past years (decades ago, actually) I sat through many seminars & talks by RE companies to young prospective first-time buyers.

Well, with the new TCJA deduction rules, it's less likely that people are going to be sold that same bill of goods. For a couple MFJ, with an 80% LTV mortgage at 5% and property taxes of 2% of the home's value, they would need to purchase at least a $500k home to even have $24k in deductible expenses the first year, and would need to purchase an even higher value property for the deduction to be overcome for more than a single year.

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