Real estate
January 4, 2018
Douglas Elliman listing in New York. Image credit: Douglas Elliman
By Brielle Jaekel
New York sales transactions priced more than $5 million are primarily settled in cash, which will make the upcoming cap on mortgage interest deduction in the United States' new tax law almost irrelevant to luxury real estate.
{"ct":"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","iv":"338744a421608080ed144ddb8ed63a75","s":"df86dbb5893e5d88"}
Share your thoughts. Click here