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Sage Realty LLC, A Main Line Buyer Agent, Outlines New Bill That Aims to Ease the Middle-Class Squeeze by Targeting High Community Association Fees

Over the past decade, middle class earners have been hit hard by something the experts are calling the “middle-class squeeze.” Once a powerful sector in the American economy, the middle class now faces stagnant wages and a rapidly rising cost of living. The cost of everything: childcare, healthcare, retirement, higher education and housing, has increased. Middle class success is imperative to America’s overall economy, which is why the government is looking for a way to help.

Main Line BuyerWhy the Middle Class Matters

The middle class plays an important role in America’s economy. A domino effect occurs when the middle class struggles and/or shrinks. The middle class is essential to both demand and developing the next generation’s workforce. When the middle class is at risk, so is the economy.

What Is Being Done

One recent effort being made to ease financial struggles for the middle class is a bill called “Helping our Middle-Income Earners (HOME) Act.” The bill identifies the issue of the high costs of homeowner and community associations. Since these homeowners pay their fair share of property taxes along with community assessments, this measure would allow them “to deduct up to $5,000 of their community association fees and assessments if their income is under $115,000, from their federal tax liability.”

The measure was designed to encourage some relief from the rising household expenses that many middle class families face. The creators of the bill, U.S. Representatives Anna G. Eshoo (D-CA) and Mike Thompson (D-CA), are finding support from the CAI (Community Associations Institute). The hope is that it will lead to support from representatives in states with numerous community associations.

Use a Buyer Agent on the Main Line

Due to fees, laws and various complexities of the real estate industry, working with a Main Line buyer agent who stays informed is a major advantage. As a buyer, it is helpful to know what costs you will face after the sale, and what may be deductible.

Sage Realty LLC has historically focused on representing Main Line buyers. Sage Realty LLC makes it a priority to know what is going on in the world of real estate, and can help you determine what additional fees you will have if you choose to buy into an area with community association costs or condo homeowners association dues. Sage Realty LLC will answer all your questions throughout the home buying process.

For more information about a buyer agent in Main Line, contact Sage Realty LLC today!

Featured Listing

True Walk-to-Wayne

425 N. Bellevue Ave
Wayne, PA 19087

$775,000
MLS# PADE399110
4-5 bedrooms
3.5 Bathrooms

Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Sage Buyer Tips

Use Sage Buyer Tips to research the Main Line and stay up to date on real estate news. This online destination is chock full of resources for buyers and sellers: you can see our Main Line communities or explore Sage favorite places. Browse properties here and search other Main Line real estate. With Sage’s advice and experience, first-time buyers and those looking to upgrade can find homes best suited to their needs.