Episode Transcript
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Speaker 1 (00:00):
It is time for your true real estate nine one
one midway up date with your local real estate pro Lisa. True.
Of course, Independence Day you have the President signing the
One Big Beautiful Bill Act, and there are a lot
of changes that go along with the BBB. What about
the impact on real estate locally, Lisa's taking a look
at that. Tell us about it.
Speaker 2 (00:19):
Yes, I think first of all, everybody thinks this is
going to solve every single issue with every property. Even
with this, overpricing your property and under marketing your property
will cause what many listeners are experiencing, homes not selling.
But there's some great news with real estate in this bill.
Number one mortgage insurance deductions that's now permanent. The salt
(00:42):
deduction is going to help. Mainly are luxury buyers. However,
luxury buyers bring other buyers with them. The state and
local tax deduction has increased substantially. And then here's the
big one. If you are an investor or thinking about
being an investor, the one hundred three percent bonus depreciation
and full expensing is a big one. It's going to
(01:05):
cause I think a lot of people to look at
investments that maybe would have stayed on the sidelines.
Speaker 1 (01:11):
That's really good and interesting information. And you know, also
the Salt piece because a lot of people were thinking, well,
we're not New York, but we certainly have a lot
of people that own property in New York.
Speaker 2 (01:19):
Absolutely, and I'm getting lots of questions about what's happening
in New York City. And honestly, I think that again
is going to help us. They understand the risk to
their financial future. Those sitting on the fence are getting
off the fence and are looking at Florida for sure,
Palm Beach County as one of the beneficiaries of what's
(01:43):
going on in New York City.
Speaker 1 (01:44):
When you're thinking about real estate, you should be thinking
about getting in touch with the truths. They can help
you out understand all of this. They can help you
make use of all this. Call them five six one, nine,
seven to two eighty three twenty six, visit True real
Estate nine to one one dot com, or just google
a true group that's tr EU group