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Americans Anxious About Homeownership Under New Tax Cuts & Jobs Act

With lots of nervousness, it turns out. According to a realtor.com® survey completed earlier this week, Americans are anxious about the tax bill’s potential effects on homeownership—and might even consider changing their plans to buy or sell a home. In an online survey of 2,324 randomly selected respondents across the U.S., a majority reported that the tax bill makes them either “concerned” (36.2%) or “very concerned” (17.2%) about being a homeowner. Put another way, less than a quarter of respondents said the bill makes them feel “positive” (15%) or “very positive” (7.2%) about homeownership.

South Bay Digs • December 15, 2017

ON THE COVER Visionary Design: A contemporary home in the Manhattan Beach sand section presented by John Altamura of Altamura Real Estate Group.

Designer Lindsey Adelman: The Magic of Light

All of Lindsey Adelman’s creations, which are born from her keen observation of the natural and human worlds, captivate not only with their perfect proportions but also, and above all, because they embody an understated harmony between spontaneity and rationality, handcrafted elements and machine-made parts, pure beauty and necessary functionality.

Real Estate in a World with Bitcoin

For the $3.225 million in bitcoins, the buyer of the East Manhattan Beach property will get a five-bedroom, 4,562-square-foot modern farmhouse-style home at 1400 21st Street, which was listed by South Bay agents Mike Michalski and Sachi Fujita of Re/Max Estate Properties.

KAA Design’s Duan Tran Discusses Tower Grove Drive

From Tower Grove Drive, looking out from a wonderfully designed home whose precipice is a hillside in the southern Santa Monica Mountains, the view is truly grand—a sweep that extends dramatically past Los Angeles to the Pacific.

Santiago Arana’s 568 N. Tigertail: Sophisticated Masterpiece

From quality materials and craftsmanship to five-star amenities, like a 10-car garage, pool, roof deck, elevator, front and back staircase, and service entrance, this eight-bedroom and 11-bath house easily tips over the line from outright beautiful to downright breathtaking.

New Property Tax Portability Initiative

Propositions 60 and 90 were constitutional initiatives passed by California voters in the 1980’s to provide property tax relief by preventing reassessment of property value when a senior citizen sells his/her existing residence and purchases or constructs a replacement residence worth the same or less than the one being sold.