Tuesday, November 21, 2017

Real Estate? Tax Reform? ...And the Upcoming Holidays?

I could talk about the Santa Ynez real estate market continuously for the rest of my life, but the holiday season is upon us. Real estate has little to do with this time of year and it tends to naturally slow down a little, so I will limit my discussion on real estate. Two properties should be mentioned though. 1259 Deer Trail Lane is new on the market. It's a 4 bedroom/ 2 bath home on an oak studded acre with views for only $795,000 in Santa Ynez. It won't last long. The other property that needs to be mentioned is at 1145 Arroyo Mesa Road. It is a 62 acre property in the Ballard Canyon AVA listed at $2,395,000. It has a magnificent building site with a shared well, horse facilities including a 20 stall barn and two apartments. It was originally listed at $3,100,000. This could be a spectacular property with the proper vision.

Why is it that, typically, tax issues occupy the holiday season discussions? This year is no different. Tax reform is looming out there and it appears that it will likely happen. Nobody can tell us for sure what it will be, but it looks like congress will come up with something. I'll be surprised if it pleases anyone. If the proposed mortgage interest deduction limitations stay, this legislation will take away the purchase incentive for the entry level California homebuyer. How that influences the rest of the California market is a topic for discussion. Let's leave this topic for the month of December. We'll have plenty of time to discuss it then. For now, let's just enjoy Thanksgiving with our family and friends. Forget about our social concerns and issues for one moment. Be thankful for our blessings and enjoy one day without the weight of the world on our minds.

Happy Thanksgiving!

BRE # 01925202
ph; 805 453 6000

For more information, please visit us at Central Coast Landmark Properties.

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