Future Housing Affordability
Thursday, April 26, 2018
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Displaying blog entries 111-120 of 309
Bear Creek Chalet on Half Acre
Saturday, April 21, 2018
You'll love this charming cabin on a half acre on Bear Creek in Rhododendron! Your own private forest with one bedroom and loft home. High vaulted ceilings in living room kitchen area. Cozy bed corner and loft over living room for sleeping.
Tucked away on nearly a dead end road, it's fairly private with a wooded lot. Easy to get onto Hiway 26 to hit the slopes of Mt. Hood only 15 minutes away! Forget paying rent! $237,500
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Sandy Riverfront Custom Home in Timberline Rim
Sunday, April 8, 2018
Custom built Sandy River home located in the riverfront community of Timberline Rim. Three bedrooms and two and a half baths with vaulted living room ceiling, natural light and an open floor plan.
Lots of bells and whistles at this home from the wood windows, multiple skylights, big riverside deck, two walk in closets and an oversized utility room. The roof is only two years old!
Low HOA fees of $264 per year. Amenities include pool, tennis court, basketball court and lodge.
Close to all Mt. Hood recreational activities from mountain biking to skiing and hiking. Only one hour to Portland! Perfect location for full time living or vacation home. $410,000
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Zig Zag Riverfront Cabin in the Mt. Hood National Forest
Sunday, April 8, 2018
Zig Zag Riverfront Mt. Hood National forest service cabin located near Rhododendron! This is a great ski cabin with an open floor plan with a soaring river rock fireplace and a wall of windows to look out on the forested setting. Hard wood floors and a cozy toe warming wood stove that warms you up after a day on the Mt. Hood ski slopes!
Only 15 minutes to premium Mt. Hood skiing. The pristine setting of the mountain forest is hard to find and with such a quick drive from Portland it’s worlds away from the hustle and bustle of the city, loud noises and traffic. You’ll love summers on the mountain for cooling off on mountain trails and taking a bike ride in the nearby Sandy Ridge Mountain Biking Park.
Forget those hours in the car over the weekends to hit the ski slopes and battle parking. This cuts your trips to the slopes down to minutes! $279,950
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Welches Townhouse New On Market
Sunday, February 18, 2018
This is a great starter, vacation, or investment property. Located in Welches, Oregon in a centralized location within walking distance to post office, shopping and restaurants. Three bedrooms and two and a half baths with an attached garage. Hardwood floors have been refinished! Enjoy a toe warming fireplace in the living room. Open floor plan with slider to take you outside to your deck with fenced yard. Raised garden beds along the driveway. Stainless steel appliances in kitchen.
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$259950
MORE INFO ON 68273 E. TWINBERRY LOOP WELCHES OREGON 97067
Rhododendron Three Bedroom Home
Sunday, February 11, 2018
More than meets the eye! This well maintained home is ready for occupancy. Located in Rhododendron, Oregon the home features three bedroom, bonus loft, brand new septic, garage with shop area, bonus office and storage, your own log cabin, and a covered hot tub area. Mostly fenced in case Fido needs to roam around. Cozy wood stove in your living room to warm your toes after a day on the slopes! New appliances for the kitchen.
Amenities plus in this Mt. Hood home. Mt. Hood National Forest right across the street. A short walk to the Zig Zag River too. Only 15 minutes to premium ski slopes. Walk to restaurants nearby.Mountain bikers paradise with Sandy Basin Park near by. Enjoy a 27 hole golf course five minutes away. $324,900.
New Buildable 5 Acre Septic Approvals
Wednesday, February 7, 2018
Looking for a five acre parcel to build? These two parcels have plenty of room to spread out and relatively easy to build on because they are mostly flat. Gated road with graveled road. Close to all Mt. Hood activities and only 25 minutes to ski slopes. Drill a well and put your septic in and you're ready to go. $3,000 for PGE connection at lot. Seller installing power in road.
Asking $180,000
Info on 19600 E. Buckboard Lane Sandy
Info on 19650 E. Buckboard Lane Sandy
Tax Reform and Housing: A Reference Guide
Sunday, January 7, 2018
Tax Reform & Housing: A Reference Guide
- Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code and how they may impact the real estate market. You should get tax advice from your accountant or tax preparer who will explain how the entire tax code will affect your personal return.
This information comes immediately after the new tax code became law. Some of the information may be revised as the analysis of the new law evolves.
When the tax code was originally being overhauled by the House and the Senate, there were three major proposals being considered that would have substantially impacted the residential real estate market:
- Changing the requirements for the exclusion of gain on the sale of a principal residence
- The reduction on the limit of the Mortgage Interest Deduction (MID)
- The elimination of the State and Local Tax deduction (SALT) which includes property taxes
Let’s look how the tax code has evolved from the original proposal, and decipher what impact experts believe it may have on the housing market.
1. Exclusion of gain on sale of a principal residence
Original Proposal: Owners would need to live in their house for at least 5 out of the last 8 years to claim this exemption. Under the former tax framework, a typical owner, who has lived in their house for at least 2 years out of the last 5 years, would pay nothing in capital gain taxes if they sell the house.
The New Tax Code: No change. The “at least 2 years out of the last 5 years” requirement is unchanged.
Impact on the Market: None.
2. Mortgage Interest Deduction
Original Proposal: Reduce the limit on the mortgage interest deduction (MID) amount from $1,000,000 to $500,000.
The New Tax Code: Reduces limit on deductible mortgage debt to $750,000 for new loans taken out after 12/14/17. Current loans up to $1 million are grandfathered.
Impact on the Market: Assuming a 20% down payment, this reduction in the MID will impact buyers that are purchasing a home between the prices of $938,000 and $1,250,000. Any home under the lower price is still covered and any home over the higher price was not covered under the former tax code either.
What does that mean to the market? Experts disagree. Calculated Risk’s Bill McBride:
“I think the impact of reducing the MID from a maximum of $1 million in mortgage debt to $750 thousand in mortgage debt will have very little impact on the housing market.”
On the other hand, Capital Economics claims:
“The impact on expensive homes could be detrimental, with a limit on the mortgage interest deduction raising taxes for those that itemize.”
3. State and Local Taxes (SALT)
Original Proposal: The elimination of the state and local tax deduction (which includes property taxes).
The New Tax Code: Allows an itemized deduction of up to $10,000 for the total of state and local property taxes and income or sales taxes.
Impact on the Market: Most experts agree that higher taxed regions will be impacted as homeowners in those communities now have a cap on these deductions.
Calculated Risk’s Bill McBride stated:
“SALT will have an impact on housing in some areas. Some people might choose to live in one state over another (if they have a choice), based on taxation. This could impact demand in certain states – especially for the middle and upper-middle class homeowners.”
Mark Zandi of Moody’s Analytics said:
“The impact on house prices is much greater for higher-priced homes, especially in parts of the country where incomes are higher and there are thus a disproportionate number of itemizers, and where homeowners have big mortgages and property tax bills.”
What will be the overall impact on the housing market?
For most of the country, the new tax code will not have a negative impact on the market. As Capital Economics reports:
“Given most households will see an overall tax cut, and potential buyers are likely to put that saving towards their home, we doubt it will have a significant detrimental impact on the housing market.”
There is also no doubt that some higher priced, higher taxed regions will be affected more than others. However, most experts agree that other portions of the tax code will favor the high-end buyer and seller, and this might mitigate many concerns. McBride explains:
“The corporate tax cuts (and other tax cuts) will mostly benefit the wealthy, and this will be a positive for high end real estate.”
What does this all mean to you?
To know for sure, you should sit with your accountant or financial planner and explore how all the aspects of the new code will impact your family.
Most families consider homeownership an essential part of the American Dream, and don’t purchase a home based solely on the tax advantages. The main reasons they buy a home are personal (they just got married, they are looking for a good place to raise children, they want to be near friends and family, they want to better enjoy their retirement, etc.). This will never change.
Looking at the new tax code, Mr. McBride’s opinion makes the most sense:
“There will be some negative impact based on SALT, but overall the impact of these policy changes on housing will be minimal.”
Timberline Rim Four Bedroom Home
Sunday, December 17, 2017
Ready for occupancy! This Timberline Rim four bedroom home is ready for move in. Located along Hackett Creek, in Rhododendron, and near all mountain activities. This home has TWO propane fireplaces, one in the window filled living room and one in the family room located off the kitchen.
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All bedrooms are located upstairs. A two car garage is attached too. A nice patio area is just off the dining room slider facing the creek. Great spot for barbecues in summer. There's a fenced area for Fido off the back too. Walk to the pool and tennis court amenities of Timberline Rim.
Only a quick 20 minutes to the slopes of Mt. Hood for premium skiing and a quick ride down the road to renown Sandy Ridge Mountain Biking trails.
It's a great time to buy before rates go up! $299,950
Details on 21352 E. Mountain Creek Circle Rhododendron Oregon
Camp Creek Ski Cabin
Sunday, November 19, 2017
Skiers, you'll love this location along Camp Creek close to Government Camp! Spacious three bedroom cabin with over 1200 square feet of living space! Soaring ceilings and a floor to ceiling rock fireplace for cozy fires after a day on the slopes.
This cabin is packed with wood from wood floors, wood walls and wood ceilings! The living room is huge and the perfect gathering place for the ski team. Two private bedrooms and one spacious loft over the living room for more folks.
Only steps down to a park like setting on Camp Creek. Take a dip in the summer time.
The slopes are only about seven minutes away from this property so no sitting in traffic 24/7 trying to get to the hill on time! Asking $299,950
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