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Newspaper
Argus
Location
Fremont, California, United States of America
Date
Sep 28, 1969
Page
6
Congress moves to cut tax incentives for real estate, risking reduced construction amid housing shortages. Experts warn depreciation and capital gains provisions attract investor capital and help meet goals for 26 million new housing units in 10 years. Higher tax brackets gain most from deductions, encouraging rapid investment turnover.
South County realtors led by James Duffy SACBOR president head a 24 member delegation to the fifth annual California Real Estate Association Convention in Los Angeles. The program features workshop panels with Peppy Mayer Kerry and Ed Mavor n, a keynote by Lt. Gov. Ed Reinecke, and addresses by Moscone Burgen Fong and other officials at the Dorothy Chandler Pavilion.
A H. C. Elliott salesman says homes in Somerset Town Square Livermore cost about 20 000 to 24 500 with monthly mortgage payments near 196. A couple can deduct about 2 000 in tax in the first year and break even after two years if values rise, else seven to ten years depending on market.
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