The San Francisco Business Times quoted Jeff Pera, regional managing partner, Northern California, about how the new federal cap on state tax deductions is motivating senior executives to relocate.
San Francisco Business Times
By Mark Calvey
“I often have to dampen their appetite for moving,” said Pera. …[S]ome clients, whom he dubs “early adoptors,” are selling their Bay Area homes now and renting, believing that home prices will tumble when the full impact of lower federal subsidies for homeownership, especially in pricey urban areas, becomes more apparent next year.