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Topics covered and questions you’ll uncover during this episode: The real reasons behind the unprecedented seller’s market over the last year, and why it’s not just low interest rates fueling this market How the Tax Cuts and Jobs Act of 2017’s $750,000 mortgage cut for new home purchases is affecting buying decisions in the upper tier What makes an ultra-high-net-worth or high-net-worth individual’s finances “complex” Why most high-net-worth and ultra-high-net-worth individuals consider their tax professional their #1 most trusted adviser How CPAs advise their affluent clients on real estate decisions, and why it’s primarily based on the amount of interest that is deductible The influence of limited itemized deductions for high-net-worth and ultra-high-net-worth individuals on their decision to relocate The importance of networking among luxury real estate professionals and CPAs How Biden’s proposed tax plan affects the upper tier and why 2021 may be a better time for upper tier clients to sell their home if the proposed tax bills are passed The current guidelines governing tax exemption on capital gains for single individuals and married couples Resources mentioned within the episode: Supreme Auctions Armanino The Luxury Market Report The Institute for Luxury Home Marketing