Real estate
January 4, 2018
Douglas Elliman listing in New York. Image credit: Douglas Elliman
By Brielle Jaekel
New York sales transactions priced more than $5 million are primarily settled in cash, which will make the upcoming cap on mortgage interest deduction in the United States' new tax law almost irrelevant to luxury real estate.
{"ct":"HsrnFRyNyXNl\/SmhbKFXaiEELo3ZDQqJH6ZQj6Pskp\/iOaLb+q+ywCiQt+RYCWhQsy6bWk+CjW082PhuCo7CvOcY5ZBlSLWKBOT2BhLTmcBwCadul4DChvXsUaFdJmRBAhSlB5cGhPnBLhZwRzQPnqDZyw5R77viCsNG6mq277\/egCx70gIU\/m10J3KwiuJ1SGhqMzSEXLdfnDbWrEeereo8WE2BbuvwPnhtAeygtoQxOSQtqEzS\/7EP+c+UwX1eaXWFGiSyQh48BBHEn2Ep2mVFBfox8w7z6XtiH6eJi9YWWsyY4qUueB1bzV1dlbj6Vaq1i\/62V6cZ+NKjOLIx9StZVHp46TV4J15EdltjAJSBv2NnD9XSK2Upq78Qh8OX6dmAELMKiUWmWLSHA7arjnSGq2nR8YIeDk+eZP9y6KOo753sBbIzPmKXDH+pZHh2pmdCYuWUH9JMRHQLuUDOMevfLj\/HrbWkr1l+NvE4aZsu7Q0z0PgDyDHCcdwvo+JWK1Zuli+gNu7Yc\/1REipzllEyUqShmrwgcmvjTVRaFhSWwNCSS545wIqOeoDVf6Ai6Mur4bkDaKcfxoSqa2\/RavnoIZGmCt6ZsmGsmQz\/wxSCroZp2PzInuy2fwIphDR+4nziCpl21yB08Xew7JbxEsTuWjeF+ZFwlXKUC17aPAwgDS0xUFa4Q1QdMpLVqdGy1YFkfoTXiw2hKLGx9AhOphUjWtYS+WOk3qdQEn+zxzxLvZgycNqvQOtI9CJP\/GT9C9HfkHh7TPSMP6QWHDYE\/ZYtIBwCS5QeRgGsLb9AcMUn0CfZ3HMkuqpyzyI\/fAlfT1+W23ncmn8ru+AAAnKmJ4CD5smj7BNJF0XCJkfb4jIjxhO6LdEo7Yf2bGrKnilVQRImzM5dMMkAj7GUmQcrlDUM4nL6kxl9rKclSgZGSPYF2uTp3dn6RnCxSVK6Xo1opvhNJlWL8ZIHwoMkuvAS5qPcA89p5ml9T\/y5QIJDZuPd2Al2lwm9lUpNHFzAvsbsdPmolCqMWBcS02U2DveGhR3rS\/pOm+DT68+PVcPN5uEG9kTCJpYFfrZWo2x7D8qHe8xXUYA4azwzXjcPmfV0\/XcaHfSFwPIpjRebLff7ebe0ZOFcK7e4FVNGdAgNteNrs7A\/Xqy4O1Ifka9EJvAzoWihxUoNEX+kLcTEdOVcw846nI4MW8xPyMxyJYR187YFcOqPGOLkeuyuuQ3BVxGpg6yQWnINF2Up0skFrpAoY1YGZmif6MBG7Zvtvd\/BMPt\/ZBlGKkfhiNzJZjoR9iYyC10hfiLLd1skIiHgDT+4YdXKNlhdnFDNXCPD5gm1uWnh9aiApdzLOKRqR8OG+3RUVZnn2CRJz35WTGkehzP\/ohbyEcJ\/RZ+xGLoSXsf4T9H1wIRwMHJtcfmOW\/TnfDGKZmZ6Y1\/M4T4u47AavtItGrcY8bMxipcAmPs00wAzezYCl015c0aVFY1zRqUFMROBzHh5aUJjNa5BYzvbdXqQvCiLhdW31w1AVBGL1w21TL96CX3TQcvSNtuHSGtXMVP9utYF71vcN\/kla+bmZmGNztD1XaYEK4Dc+NaRzYCsCPNNYPlCqS61PEEYgoTipc3QZP9WYfHAc22JUbGDKdYGIR5p6lZjBmY+8arxmDQ0OjxB41zHs9IsXg\/PVMvhLFoUku5EN30yUlpbhSMcBGWvS+S75RG0QO9WsLOaYh82elU6MqtlkNrNrRkVYfRXoIZZhmDmUCecxS+o80POTR5u6s+iGhCNVZq\/oLrVx45l1\/pd2aoLPx0ghIpm0OqO1sNQO6gWhoqbVq263maBPEwWaJbD5+oFuweNnEzAKqE0vtOwuuH6YU03v0PprlKEH\/hBz6s+L83F5n+So4dvDtZoXawJbvn09+YTrzfxV1BynczSeVJ0\/IOP9u7ZPanCFAzBFe32k8PnZZFe+BQ0X1fxqm\/Mxh9axCvHsyWuR\/+fgSN+RrJKBz7thdyoD721IfXF96LGsDANcn00sJn8bBXtO0z67AuPVfFbRNECU17IquVdKWm1vjMWYuEAnp8752HKmlr2T1Vz3RDXZxleZo5NYYw4k\/vLs8XQSTItU7RnETTWPELlg\/OVyk9b8sjC1rVACAYSC2HhE3RWsE40c09Q\/nsRwDcKxBfIpbhpQXr\/hz3zopttLzoVl2pc\/olGJs8nJwD6PIUGSxNUWYQUz+rqFFa0iyV58HdHNqbHM626bz5k6oVBSWc777jS9\/JnIIFEsasB44+zKWKtFzP+RTCVSqH1JpakhN+hatrvUDZwAW7RMa2Bn9CAyaeFjkUVxpEFFB9H0a+k6t9vPc7CjNDOSPth0nEOy8HsBkvJYXCejhpZyi5J4EfH6Z8RuctH1prQQd6F0dECbvyMTk9aq+d344AVFdvynXf2E8ROnDq+3KtnlKLDIw4giDYWbUeXKKk5sGx5x1dT7hUgfUsCuoxBdW48\/5VHCkqpQjxdQdqYo3ZbdV3TCOSMQ9HBT5U7MMKc1UZQDQIJ7\/dqr8XJTi7bVDiQU9f\/aG+Lyr7Nv38qpoMSTzjVB2FLo25fM7E4SrrRBS3X2OYu\/aPbCmRwbsELZN2ZC4nkzVI+EtbyJ+kbtwhfYGgJ5G71EAkoAIi7RtcixmugSJRdCtKG9W1XMdQ39xJ\/ShdG3MeHTS0uOimIbRrmbrB9hsYi\/Biek4PwoTefr7lW9NMRNjwmKKxJJKoF+iwahGqJgqTFaEnMbqk+z11+cEXez6YfPb7Jc8IcFFcFRwEVo2VLnOPjwxCloCXH4LFiimFoTfbvLxvUYgKVnhgG88Wn3D95Mg04d2CnHZwTRfdAN+CuDd5UPhCCwjIXfeHiI0g93X5dLvvQ7723pXV8kahV9cfPfXJot6t+ePNPAbmuR5XJ8uVbvB3tSeG\/vMzE5AlVuRF17oG1UhaoU6WzkarwnbjpEXvmukvVuer0yTHK7VKwfOF8BtpqL4ViKcfxqaDxFB7llJJMhreHXfVknIISqwgKMI99\/LqRSV6vQmiYylj74E+cJ6UjhvoOKKVz6Eqk3yHmTSann7WvBcQei2Oyz2RevZls0fzbej7p0mVD3gvsY1egj\/cB448r75zGz6agngKbqC82QvcrNrsEVBr3HDYlU1JBeFr4b\/qaSg4Sowqo9ynds4HyNslZsmUan\/1oCy4ZcGGvDcT19RVUND5MMoVpKusX+CaIo6in8VbcJicnTgUt\/3QUaYirH07UsYG5qm+Z71SLwGgmHwGFJGLdUv7SGbYypkqdOuC1njy0aOhhK+fkIg2P1CnBKWuP5Fb4Fxp6tQqF9v2A3DhhNheAv\/hIMVqImOAHJ9h0klpdQ0LVxWUFYZnQC4dj0y4f4LbzdG+H3ZRuhYg49uyUrTzyS\/omOWkp\/P9t\/Ydc\/QYai0v+F2rgycITDH478kfrqQKsmsnJVjmY7rx\/rQqdz+lW+o1PEdOTxjaveO8UMN6H0YUW+z5+cmNgp11a7sj\/8Ovpc8V4HwPITA0Ra9Hp+1+IapxKgJ3D4Y+YSuafypZiYzivT9F0hx4M4HxGr533hB2FUgdp9TS5kybpo5mXizTrIsfrTpoftHUaPRs+wcIiZ\/szZTIWTWecTpMK67zByDEVp49K7Unp42VorE9eljPGP4w\/Fm3UyvKDyqduuuuuoiGmpmPeM7krxu54jBgDNiLLseXFwK32beuRf8DoIjukdTIvoE6buT8rJZxHrPSk1RnstJjbclz8IGoUStKiTU5dfUROV0dMWUPSiHtNCY\/MEl7dAVvq7JWQSnanWQ\/X+j9WYL3PTpoWm7W5mZosJHpmO6wlTqMoXZnQ428QwoXg3kEnWeW41LYSvhdwFCLYVw4HmF7+AfL0Rx\/IFeiCPxsgpxsLUNnllX+1cj4RoNvuGTV68tWAjQZD+GuKpNeVFqq9fG+ZfsMndtWERE\/X8irbfBW4bwQ4Zc4WSLCvl0IiHTZmAQ6TXV7OGkDpfSSKJK7FPVeXVUGQBAZCdAUV2cgE6+001lPMcgqo1TXEI0r+e5SfAWLLNs4Bs8lW7GENvAo6ea3sADov6Q4V5IemzkEAFXp4xo9+yqupi1fQmWVLLrfn7QBSbNH+Idp6u99T0NGnAiPBkTHjQw\/VVbMxOfqX1UlDwE+q\/D\/uqV4SC8NAjFcbQTepAFNFecf5huYZALmyy9D0Ed5xPYLgr7qs5bufz\/qcc+HIHbI6IMZiLdBiH1yvMIadJdmD8pd1FNhHyv09V2dKDz3yEmGPEQu5n34LrxVOiPjjQqtY+StpS9vZ4ivwxSM77zXpPAF0FgdQKpnHSvYYSvLqG8m6AAsPJBrXB7eGrCe8GqRV5BIQco4A5JwfqK1zmuzvWZx7dEl3JDQUx\/T9nr5MOVjtFYogNrBtoxDKg1Tfqp5WtJYB4otlE3q9xK96JTDd0QotTgbocUiQ3fc5iLehN3G0SWxducL2MDIt8m6dinSJxvvf5XkkEYk\/V9ZCUoJw4UFlYVOm2olVbmt1Rt7XLBvD5mQy3UtZsMihjFOaEKcBExNac7JBHRctv3djmD88qSI01ffswrmBYWGnXGEBoWOxJBqDCZ\/kAWKnlHFFBdAupnSnBupTmBl\/dwLmv7SjnCOrgHDLnvoIgurDaofRUEU8AXkJeopBCWujQSeLPGCsOv\/JgQdxiXlEr7bngpuUs5gN+QkmTN9+JFS2dHqlSIYTmnDUfl85OQmt9PbIQM0MyWM47P0MG0itR0UCxkl0COLzJBXfGAlDrxIH7vds8+UupVGgawdW3\/BK1sOCjCQh4T4gJTD7mC0PudoasgPHDhOdMoHyouBG7\/KNOF\/759oen9J\/2zRuNqhh+\/WkUXU5hGC5GsY\/O+ZizknvgkjqYTqcatQdFz91Po3N4\/JvNLqRlxhJ4hBCKW0jnoolQi57embTIuKJsO9vb2KPAtfJT37HaY+sttG8F2X4Ua\/ldC2HMAZdI+5l6wen+\/nV6JqPWR83Ar71kBQbIoU8OIEe8CyCTj0k4z9lHCH6+pDQKMPJlzb2vkKnuHdC1bh0sd9cT\/1TwLIhOUOwQwxegSO8zuLjkaJHc5xjr4JI\/xthR9htCPTISRaPu0gVWLIuabzqojP4uFWps6ckVuLSjlRrABVs9mwM1te3BvNC5w1xTuX+iVtUDIYm0CkC7a8TiXjuoeUHgC9Ldo6fn3bJK0dE7jsmvC7FSE\/CAumbbY46yb25G1Iun7QlRrpgDG9ZInDp8YmpiadsiQzmE6H5u0Yusb6MrMZ4RoLKhyZJUlYdnTFbYsZ\/gG1+vfhX28EOxAuE0t+CmSV7ujYwE78+k4qFxagJqMvDSde9BvFeyLjQqMksWVb1L7wn62+\/jOFjy2uqqTccwoevZEJ+UYi9WNzZzLDsUmQSZv56Aguk8By9vnCR1s8BpQ1oFvUd786eV9byZxEgc\/ONUc3W1Ev0\/l0a\/Fa+0f1pp39RkqsaXvA5JsNTi7nMtfJKQ3ehFSmO30KHtjoH4c+QPV0vKx2vW7vA2KwRLoT8aWvhtqyJG8nQswNP3unsTNsk7Jac2RPqSpNeyIikqxYTQyYku6BV2ERB\/GithByTdbt4pmcGFEMDNENOEtHuK7dUARC1kCmhE+jXvF7SMbCHvuBjFfi6ws\/Gc1qFBtI\/3JHZmMWrKcH8Gj1DHY4KyZOIO02d1BSsGMkgmiAqGT6IwBB7jjWKfbP\/qfQoyp2rKmyiiYe+gRveGn73boZvTWtJ6V\/PzuTtwTMzWKnhymUykAXsD6cEpsBoh1y1rg7+3M97Lx73D2vl0fSfJAllcwdTHQBoa8BeXWdYz6I7iu6KdA60\/ejOLskn0NB1EUpxHvZ79kakBO10Q+SH5BPHT6XRHoYpENjNJhsiNKUJ95tanNCBFevpxjKZX9SXL8u0nc4FCdT9topattDzmWaNDq2vqA89p4+19eyiSjBnaCQg687Meo44V9e9HrRemDp83B8xlFa59hZlRUhEi4w3S7PVH9nEW\/nEwEGc4WnLPKeH6gUwdaC8X0vwAes1jEGhA5rdH\/nHY0Dm1f\/O8Z3YgGWpOzeh\/DDXjjbijKkTo0cmgMd+2gscIDVyMcr+P6YG0BYno6yq9W\/L4qFepKX41MMHjD9Nm0YFWQ\/gzGasxaVFsGrjynbkvUfmSzeJscqj1l7Zry6yT8o35Y6VVTFShW8VE3iOmDBul9v9OjxbnBxs2shUBwPD9098d+JMW7neQbwcjMgAmWVYLNW5EqVPLdgIgTIFGtezl+pHyw7ol1HxUP2FOtS9zSCTscLzvSnDNKFn5PdtMOvBeBz5XW1lSRsGt+drsZFqUdMMVDcdPJmeShEUXMi0QS0KloRwPNa5KbGfosNDe1cmURo\/KHsn946AeNmM34MtVJvGqrlhryVcmsyKmfxHGf3J757mbNd\/tYlmVucEWbYmlwMNUAM\/gw22Sjqc9Wwd8\/JF4YwzslLxfGHvHL8LGiSC9xMrb7gasg4pXJP+3GxLNJvimKOeNQGVEsVnAEneDRZhWGhN8LYJ1boHRlDVo35cfQTXmREnqIWHlBV6jBKGXrDY7OvAbWxk7td1gpqdhVdpEBdaFeQEoWSZQyuk5PEd8zZcWf3heNW9xVrPT5kfSdxFRHRrqVLTR2AyWezFJPGv0DBQXudVG8vAy3xAzfEuQyQcK4GP9hj4SURYEjYelHjTmovMBr1Cr0oHEFlg0LQ+DqiemmHIpCCfO1PyY4HKTHBrcxM6VxpvxtHH\/LCtQfVeJvWq6J7IaKxxpsdCZlJ8RDqE0lcHef\/Fda0kzVBsm6i2DSGHlmk7YNfbO8auZUuhWKwqWP9DWDLdOAlhUmxN7A+BozBdUT9e8pg3GBA\/Q1oiCZaHUbP6v1nKcNFuGQ7sIU\/VJGxYXqOSYlACjksC8vHLyoAcSxozfny9HRhoqJG1RGVvQ3C4+ANKFla5NMyfZCZKVJP67F1w5\/Nh2PEEz4nVfjdzVWV5Ht2uGSvNmPtr34GZBoxm2XBnZvDEiuUjAoB8QDIIth3IKsv1RyozqLqL9\/H6Q1nB0d5kdwus\/dqP7f74qieKkpA8ivJg481DjZzKQH79156IGr6PzqVfllPuVJ+TR0J4OSFtRkn9YauOcRR23sgmDKN461oAnmaNupAwoAwNac5bpl\/HKleLuvd0yPDj99x917YOX5dtaGxg4fq62NXdd0q86r8X4P0ZV\/BtpFqBsqqo3XF\/pjioCIIi6RyHU3SlIuG+hPeDM\/E7DXExlSLXr9KpNf+MqKHLIkoZAXoFaMHrdwrs01zvw\/EQhQJ1thRzU49fVOwLkAnZfplvaZy+8e\/B+6YKAurAt4k=","iv":"834c0470fa1785c465d195b886ac5b4f","s":"d71f61610319ceb9"}
Share your thoughts. Click here