Tax Reform Bill – The sky is NOT falling!

By
Real Estate Broker/Owner with Pareto Realty TN #251071

3 minutes and 7 seconds of Peace of mind for those who are freaked about the Tax Reform Bill.

Open this video – If you want to get straight to the information, go to 4:11 and watch til 7:18

There is SO much fear “out there” which perpetuates from misunderstanding by REALTORS and the general public.

So many folks have “opinions” that are not based on facts or reality.

Casey Crawford on MID and Cap Gains – National Real Estate Post

Some of these folks have very LOUD mega-phones through which they project misinformation to the mass of men and women.

Because they are widely heard, many people inherently believe and trust these messages . . . because they claim to be “EXPERTS.”

Often, these folks are less factual and more “stir the pot” oriented because that creates inflammation which gives rise to uncertainty and FEAR amongst their massive audiences.

Next thing ya know, we’re believing that the sky is, indeed, FALLING and this tax bill is going to leave us all in a wasteland of financial destitution.

Casey Crawford hits the nail on the head when he says that LIFE EVENTS cause people to move.

Families grow, shrink, blend, seek different lifestyles, change jobs, relocate for retirement . . . Folks do NOT buy houses because of the mortgage deduction tax benefit.

Of course, the MID is a nice by-product of owning your home, but it’s not likely THE reason you bought your home.

Did you know that less than 30% of Americans itemize deductions and of those those 30%, many will not be affected by these tax law changes.

Most will be in their houses 5 or more years anyway . . . and if they do move, it’ll be because of a major life event or decision.

I liked his comment that these changes may result in more people with 2nd homes will decide to sell their 2nd homes . . . This would be something to CELEBRATE in most real estate markets because of inventory shortages and the fact that it will create another purchase and sale.

So . . . before you get all hot and bothered about the ramifications of new legislation based on the rantings of an “expert” information broadcaster (TV, Blog, Podcast, & etc.) do a “Reality check!”

Think it through and take the time to understand it well enough to make an informed decision to form your own opinion as to whether or not the sky is falling.

Seriously!

There’s a medical reason for taking my advice – Less stress – Lower Blood Pressure – Less frequent heartburn . . .

More enjoyment of life.

I’m so excited about the possibilities in 2018, I can barely contain myself, and this Tax Reform Bill is not much more than an inconspicuous blip on my radar screen.

How ’bout YOU?

About 

Residential Real Estate Principal Broker and Founder of Pareto Realty, LLC. Creating the quintessential real estate firm with emphasis on "Live, Work, & Play" balance . . . and a true Performance Oriented environment for Real Estate Professionals. Serving the Real estate needs of Home Buyers and Sellers in Middle Tennessee.

Posted by

Barry Owen

Founder
Principal Broker
Pareto Realty
Nashville, TN

615.502.2080
www.paretorealty.co  
Call me: 615-568-2123
email me: barryo@comcast.net

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Quintessentially connected to the real estate industry to offer the ultimate experience for Home Buyers and Sellers in Middle Tennessee . . . Inquire within!

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Tags:
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Rainmaker
279,537
Brad Thomsen
Big Bear Realty - Edmonds, WA
Real Estate Services

Hi Barry Owen 

Great post. 

Well thought out points on a controversial subject.

Excellent use of video.

Happy Selling!

Brad

Dec 15, 2017 06:28 AM #1
Rainmaker
532,152
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning Barry Owen 

Thank you for sharing your information with us at Active Rain.

Have a great day 12/15/2017.

Dec 15, 2017 06:56 AM #2
Rainmaker
2,661,907
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great information!  Thanks for sharing and enjoy your weekend!

Dec 15, 2017 07:14 AM #3
Ambassador
1,322,792
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

As Yogi Berra said, it aint over til its over. Let's see if failure will be an option next week. My bet is, it will fail.

Dec 15, 2017 10:28 AM #4
Rainmaker
474,918
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

It will probably take one or two years to know the true impact, and even then it will require fact-based non-partisan analysis.

Dec 21, 2017 05:41 PM #5
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