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Started By
Message
Please, won't someone think of the Marin County mansion owners
Posted on 12/17/17 at 2:44 pm
Posted on 12/17/17 at 2:44 pm
Sen Dianne Feinstein
?
@SenFeinstein
The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam
11:58 AM - Dec 17, 2017
LINK
14
Posted on 12/17/17 at 2:46 pm to Jbird
quote:These also happen to be among the 25 richest counties in the nation.
Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties.
So, she seems to be arguing against tax hikes for muh rich???
Posted on 12/17/17 at 2:48 pm to HailHailtoMichigan!
yeah wtf. she's arguing that the richest of the rich have to pay more 
Posted on 12/17/17 at 2:48 pm to Jbird
Lol. Progs do everything they can to ensure that housing remains as financially unattainable as possible for the working class, and then they bitch because their holdings are so expensive.
Posted on 12/17/17 at 2:48 pm to Jbird
I don't understand this portion of the bill. Mortgage Rates are different in different areas and as the mortgage is paid down, the interest diminishes. Why isn't this just a dollar cap?
Posted on 12/17/17 at 2:51 pm to Jbird
If you can afford to get a mortgage of $750k, I think you can afford to eat a little interest.
Posted on 12/17/17 at 2:51 pm to SlowFlowPro
Trump forcing libs to defend the rich who they claim to hate lol
Posted on 12/17/17 at 2:52 pm to Jbird
quote:
In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam
11:58 AM - Dec 17, 2017
I'm sure this is going to play REAL strong to the Dem base. Yeah. You know. The "little guys" they fight for.
Trump has got to be thinking to himself.
"Well, OK. I mean if you insist. Run around telling Americans how my policy likely means higher taxes for people who can afford homes over $750K!!!!"
Posted on 12/17/17 at 2:54 pm to Jbird
I work with an engineer who earns probably $150k a year. His wife doesn't work. He lives in NYC. His house has no yard, a single car garage and only 1300 square feet. Value is $765,000.
It's not just the rich. Some areas of the country have property values that are just ridiculously expensive.
It's not just the rich. Some areas of the country have property values that are just ridiculously expensive.
Posted on 12/17/17 at 2:54 pm to Jbird
quote:
Sen Dianne Feinstein
?
@SenFeinstein
The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam
11:58 AM - Dec 17, 2017
Dear Sen Feinstein
But I thought this tax bill was a boon for the 1%?
Posted on 12/17/17 at 2:54 pm to Jbird
quote:Oh my, those poor people!
average home prices that are more than $750,000
What will they do?
Posted on 12/17/17 at 3:01 pm to HubbaBubba
quote:
I work with an engineer who earns probably $150k a year. His wife doesn't work. He lives in NYC. His house has no yard, a single car garage and only 1300 square feet. Value is $765,000.
It's not just the rich. Some areas of the country have property values that are just ridiculously expensive.
Well. You can take this to the bank.
The Democratic base considers someone making $150K who lives in a $750K home "rich". Considering that in NYC, the median HOUSEHOLD income is around $50, I'm totally good with the optics of the Democrats losing their shite over this.
By the way. Your friend? Dude earns $150K and is paying a mortgage of $43K per year plus taxes and insurance?
Um. Not for nothing. But is your friend mentally retarded?
Posted on 12/17/17 at 3:02 pm to Jbird
I am sure all the Bernie Sanders SJW's have already starting writing sympathy cards for these homeowners. Good try Diane.
Posted on 12/17/17 at 3:03 pm to Jbird
They still get the deduction, but it is capped. It's not like of you house is worth more than 750k, you cannot deduct any of the interest.
Posted on 12/17/17 at 3:04 pm to HubbaBubba
Sounds like his wife shouldn't be a leach and work
Posted on 12/17/17 at 3:05 pm to udtiger
That is the beauty of liberals they don't understand the tax code at all.
Posted on 12/17/17 at 3:07 pm to Jbird
Watching the Dems in these coastal states fight this plan by lamenting that their rich constituents have to pay more taxes is hilarious.
Posted on 12/17/17 at 3:08 pm to bhtigerfan
quote:
Oh my, those poor people!
What will they do?
That sounds like a lot, but $750k doesn't buy a hell of a lot in the bay area.
Posted on 12/17/17 at 3:09 pm to HubbaBubba
Yeah I have lived in a liberal enclave , so I understand this . That’s kind of the point though- Progs Not only create these enclaves but they also drive up housing costs for working class people . There were more housing permits granted in Houston and Dallas last year, than in all of California combined. Now, having theirs, they demand preferential tax treatment while demagoguing “ but my poors”.
frick em . I hope they choke on this.
frick em . I hope they choke on this.
Posted on 12/17/17 at 3:11 pm to upgrayedd
quote:
That sounds like a lot, but $750k doesn't buy a hell of a lot in the bay area.
I get that.
But bottom line.
I'm totally good with Democrats going to the American people with the "that evil Trump is making people in $750K homes pay more" rhetoric.
And, I'm totally good with Democrats trying to talk to the American people about how difficult it is to get by in their $750K homes.
That's a political look I hope they choose to wear all year.
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