Realtors: Senate-Passed Tax Legislation Bad News for Homeowners DRYWALL CONTRACTOR H Metal Stud Framing / T Bar Ceiling H Hang, Tape and Texture H Demo / Rubbish Removal ElEctrical NO JOB TOO SMALL FOR ALL YOUR ELECTRICAL NEEDS, WE WELCOME YOUR CALL. Ph/Fax: 325-1600 Cell: 936-0260 Lic.# C-24983 allphaseelectrical@hawaii.rr.com "Specializing in Solar Power Services" WALUA ROAD OFFICE 75-5915 Walua Road, Kailua-Kona, Hawaii SPACES AVAILABLE FOR LEASE • Suite 100 (1,248 SF) Large conference room; large offi ce; restroom • Suite 200 (1,299 SF) Reception area with multiple small interior offi ces; restroom Extremely clean like-new offi ce building with upstairs and downstairs units. Electricity is included in gross rent as there are PV panels on building. Previous owner-occupant kept building in pristine condition. Located just off Alii Drive on Walua Road. Debbie Parmley (B) CCIM Vice President | Hawaii License No. RB-21953 Leasing Services – Island of Hawaii Direct +1 808 987 7722 Main +1 808 524 2666 debbie.parmley@colliers.com For details on all listings visit, DebbieParmley.com RESIDENTIAL • COMMERCIAL • TENANT IMPROVEMENT & REMODEL 808-896-3739 • dih2001@hotmail.com Ashford Alices Owner • License #C-21983 14 West Hawaii Real Estate | December 8, 2017 The U.S. Senate today passed tax reform legislation that the National Association of Realtors® believes puts home values at risk and dramatically undercuts the incentive to own a home. NAR President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, offered strong concerns over the bill and said Realtors® will continue to work with members of the House and Senate as the process moves forward into a conference committee. “The tax incentives to own a home are baked into the overall value of homes in every state and territory across the country. When those incentives are nullified in the way this bill provides, our estimates show that home values stand to fall by an average of more than 10 percent, and even greater in high-cost areas. “Realtors® support tax cuts when done in a fiscally responsible way; while there are some winners in this legislation, millions of middle-class homeowners would see very limited benefits, and many will even see a tax increase. In exchange for that, they’ll also see much or all of their home equity evaporate as $1.5 trillion is added to the national debt and piled onto the backs of their children and grandchildren. “That’s a poor foot to put forward, but this isn’t the end of the road. Realtors® will continue to advocate for homeownership and hope members of the House and Senate will listen to the concerns of America’s 75 million homeowners as the tax reform discussion continues.” The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries. “The tax incentives to own a home are baked into the overall value of homes in every state and territory across the country. When those incentives are nullified in the way this bill provides, our estimates show that home values stand to fall by an average of more than 10 percent, and even greater in high-cost areas.” - Elizabeth Mendenhall, NAR President Brian Montgomery Right Choice to Lead FHA The Senate Banking Committee voted to confirm Brian Montgomery as the next commissioner at the Federal Housing Administration. National Association of Realtors President Elizabeth Mendenhall, a sixth-generation Realtor from Columbia, Missouri and CEO of RE/ MAX Boone Realty said FHA’s mission is critical to first-time homebuyers. She singled out lower- and middle-income borrowers, especially young buyers, as those most in need of FHA’s assistance and issued the following statement: “It’s no secret that affordability concerns are standing in the way of otherwise creditworthy homebuyers all across the country. Millennials, and first-time buyers especially, depend on FHA for a safe low-down-payment option to help make that important first entry point into homeownership. “Realtors believe FHA’s work to help those buyers is absolutely critical, and for that reason we need solid leadership guiding the way. Brian Montgomery is ready to do the job on day one, having already served in the position under presidents from both parties. He understands the issues and the challenges our country has ahead of us, and Realtors are excited to see his nomination moving forward.” The National Association of Realtors, “The Voice for Real Estate,” is America’s largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.
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