The Supreme Court’s two decisions Wednesday supporting gay marriage could add fuel to California’s already hot housing market.
“Married gay couples are going to have more confidence in making a home purchase,” predicted Nanette Lee Miller, West Coast partner-in-charge of assurance services at accounting firm Marcum in San Francisco.
Striking down the federal Defense of Marriage Act now means gay couples can pass assets to a surviving spouse without estate taxes, which added up quickly in San Francisco’s housing market where a million-dollar home is far from a mansion. The ability for the couple to collect spousal benefits under Social Security also is a big lift for the family finances.
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