NPR

Tax Changes Could Hurt Affordability At High End Of The Housing Market

Thanks to the tax overhaul, buying a home will get more expensive in some places in 2018. That's because of new restrictions on how much mortgage interest and property taxes homeowners may deduct.
The new tax law will have the biggest impact on the market for luxury homes such as this one in the Pacific Heights neighborhood of San Francisco.

Kari Pinto and her husband recently retired, and now they hope to trade Iowa — and its harsh winters — for a state with a milder climate.

But the tax bill President Trump signed into law last month has complicated their search for a new home.

"Now we just have another wrinkle in trying to determine where to go, and how much it's going to cost us,"

You’re reading a preview, subscribe to read more.

More from NPR

NPR4 min read
From Pandemic To Protests, The Class Of 2024 Has Been Through A Lot
Pomp and circumstance again fall victim to circumstance for some students in the graduating class of 2024, as protests over the war in Gaza threaten to disrupt commencement ceremonies.
NPR2 min read
Short-term Loss For Long-term Gain? The Ethical Dilemma At The Heart Of EVs
As mines meet mineral demands for electric vehicles, they put communities and ecosystems at risk. Sustainability researcher Elsa Dominish says the EV industry cannot repeat fossil fuel's mistakes.
NPR4 min read
Yes, Apple's New IPad Ad Is Ugly And Crushing, But Art Can't Be Flattened
The newest iPad ad depicts instruments, books and art supplies flattened into Apple's thinnest product ever. But anyone who owns and loves art in any form knows: The practicality isn't the point.

Related Books & Audiobooks