Home prices are plummeting in the Hamptons, the infamous vacation playground of New York City's wealthiest residents, The New York Times reported. The median sale price of a Hamptons home has fallen to a seven-year low of $860,000, according to a report from Douglas Elliman Real Estate. This high-end real estate slump can be traced, in part, to Donald Trump's 2016 federal tax reform, which makes it more expensive to own luxury homes.
Home prices are plummeting in the Hamptons, the infamous vacation playground of New York City's wealthiest residents, The New York Times reported. The median sale price of a Hamptons home has fallen to a seven-year low of $860,000, according to a report from Douglas Elliman Real Estate. This high-end real estate slump can be traced, in part, to Donald Trump's 2016 federal tax reform, which makes it more expensive to own luxury homes.
Yeah, that narrative that Trump's tax plan helps the 1% is ummmm.... Incorrect! I essentially had $25,000 of deductions stolen away and my house doesn't cost $7m. I can only imagine...
GREAT NEWS- as Donnie says F them