Thread 511015447

Is Trump trying to kill affordable housing in high property tax states? The Big Beautiful Bill has raised State And Local Tax (SALT) caps on income tax writeoffs from $10,000 to $40.000. This makes buying cheap houses in high tax states a much more appealing option for investor leeches. Illinois is already one of the hottest housing markets in the country, this is only going to make properties shoot higher!
Why do boomers insist on the younger generations staying homeless?

>>511015447 (OP)
yikes

>>511015447 (OP)
>Trump makes houses cheaper and Im so completely fucking retarded Im going to cry about it and pretend its a problem

Jesus wept, some of you shekel posters are completely fucking brain damaged

How would this raise prices?

>>511015447 (OP)
Does the real estate magnate with his kids running his real estate empire want to keep property values high while he's president?

>>511015616
That won't make houses cheaper any more than Kamala's $25K down payment assistance plan. This is guaranted to send property values (and taxes) higher. People who just live in their one home in these states are going to get priced out by tax and insurance hikes.

he just shamelessly posts illinois properties every fucking time

>>511015780
>This is guaranted to send property values (and taxes) higher.
How?

>>511015447 (OP)
Who the fuck wants to live in Illinois!? Shit weather and there's nothing to do there plus the high cost of living.

>>511015873
It won't.
Under current policy, pass-through businesses can elect to remit entity-level taxes which provide a credit against the owners’ individual income tax liability, essentially avoiding the effect of the $10,000 SALT deduction cap on that income. The House raised the cap to $40,000, though phasing it back to $10,000 for high earners (with the phasedown complete at $600,000 in AGI). Pass-throughs other than SSTBs could continue to use PTETs to avoid the cap, while SSTBs were denied their use and are fully subject to the cap. The Senate retains the existing $10,000 cap but strikes a new balance on the use of PTET workarounds.

>>511015780
You are simply retarded anon. Ive seen sub saharan africans with better logic and reasoning abilities than this. Its pathetic

>>511015447 (OP)
yes

>>511015873
It reduces the cost of ownership for investors anon. And when they start investing, it will make property values rocket higher because they squeeze the already constrained housing supply.

>>511016187
thank you chatgpt, but it definitely will.

>>511016331
It doesnt change for people who make over 600k retardo

>>511016331
So prices actually go down? But somehow only for certain types of buyers? How does that work?
I gotta say I'm really skeptical, this sounds like nonsense.

>>511016458
https://www.google.com/amp/s/www.cnbc.com/amp/2025/07/01/senate-republican-bill-salt-tax.html
Kill your'eself

>>511016479
It doesnt. Salt tax only applies for pass through business owners making more than 500k a year.

>>511016460
Investors don't make over $600k retardo, They buy, borrow, die.
https://www.youtube.com/watch?v=DPdMvreKMTM
On paper, they make peanuts and avoid all their taxes that way.

>>511016523
>Kill your'eself
you're drunk, go to bed

look, it's simple. There's a reason Illinois has cheap properites, because property taxes are high. Investors hate Illinois. They seethe in every thread >>511015785
Now Trump is giving them a gift, come in, destroy affordable housing in the high tax states!

>>511015447 (OP)
>Streator, IL
Enjoy being surrounded by druggies and nignogs.

>>511016848
What's the point of a cheap property if you have to make up the difference in price compared to another jurisdiction in property taxes?

>>511016848
Its even simpler than that. You are simply wrong and dont have a fucking clue what you are talking about which is why you are continuing to clown yourself when actually knowledgeable posters correct your stupidity

>>511017011
Because a 3500 sqft brick mansion in your state has higher than $3000 property tax. High tax lowers the value, lowering the tax. Investors won't touch it because values go down, not up. Now the values will go up, a lot. Now investors will pile in.

>>511017598
So the high taxes aren't actually high, they're low, because the price is low, because the tax is high?
Yeah I'm calling it, this anon >>511017030 is right, you're just spouting nonsense.