Home > Trump's Tax Overhaul Takes A Serious Toll On The Real-estate Market

Trump's Tax Overhaul Takes A Serious Toll On The Real-estate Market


According to Business Insider, Trump's tax overhaul is taking a serious toll on the Hamptons real-estate market. The New York Times reports that home prices are plummeting in the Hamptons, the infamous vacation playground of New York City's wealthiest residents. The median sale price of a Hamptons home has fallen to a seven-year low of $860,000. This high-end real estate slump can be traced to Donald Trump's 2016 federal tax reform, which makes it more expensive to own luxury homes.

Added on the 17/05/2019 11:07:23 - Copyright : Wochit

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