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The new National Flood Insurance Program rates are causing major problems in the Real Estate market. Some homeowners have received bills/quotes for as much as $25,000! The importance of the passage of the Homeowner Flood Insurance Affordability Act is the topic of the next Real Estate Answer Man show.

Proposed limits on the mortgage interest deduction and capital gains, and the repeal of deductions for state and local property taxes. These proposed changes to the taxation of real estate will impact every single American, either directly or indirectly.