Stairway to heaven
Published Thursday, May 11, 2006 by Real Estate Pro.The realtor's choice of photo says a lot about a property. With a photo like this one, you just know that this has got to be a classic PoS. Desperate to find something positive to say about this one bedroom LA apartment, the realtor claims that the "courtyard has lots of greenery and flowers." Desperation did not just infect the realtor.
Like so many of today's listings, the valuation for this PoS just does not make financial sense.
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Stairway to heaven
Happy April 15th this weekend. Anyone else see a problem with tax-free windfalls on housing sales?
Published by Real Estate Pro.I buy a stock for $100 and sell it for $100,000, I pay capital gains tax (as I should) on the gain.
I buy a house for $100,000 and sell it for $200,000, as long as I've been there for two years, I get the $100,000 gain (less costs) tax free.
Tagged: taxes
Happy April 15th this weekend. Anyone else see a problem with tax-free windfalls on housing sales?
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Published Wednesday, May 10, 2006 by Real Estate Pro.Just returned from traveling, and we must report that real estate is still the "hot topic" of conversation! Prices, continued development and construction, and... gas prices! That's right - gas and real estate.
Not only is the price of gas affecting the cost of commuting, but also the dollars spent on housing. By taking precious dollars out of one's wallet to pay for gas, there is less money left in the budget for housing.
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Published by Real Estate Pro.Consider the tax burden. When deciding where to live, or possibly where to retire, you might want to look at the tax burden. First, the U.S. Census Bureau has recently published an interesting chart: States Ranked by Total Taxes and Per Capita Amount: 2005. The Tax Foundation publishes an interesting study, ranking states by the amount of taxes one pays in that state: State and Local Tax Burdens Compared to Other U.S. States, 1970-2005.
Tagged: taxes
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Buying and Selling: The Realtor Curse II
Published Wednesday, May 03, 2006 by Real Estate Pro.Remember my friend who was selling her home in upstate N.Y.? Seems her realtor--a former co-worker (Warning sign #1)--nearly bollixed her entire home sale by inexplicably overestimating her buyer's potential property taxes by almost $3,000, then demanding to keep his commission!
She managed to restore the sale, took a minimal financial hit, and reported his behavior to his brokerage, the Greater Rochester Realtors Association, etc.
Tagged: taxes
Buying and Selling: The Realtor Curse II
Housing News: Now 100% 75% Bubble Free
Published by Real Estate Pro.Follow the money trail--if using legislation and advocacy doesn't work, pressure the lenders to make changes or have them be embarrassed through exposing their risky portfolios. And the National Association of Home Builders said the industry could be in danger of losing a significant portion of its labor force if immigration reform doesn't include a guest worker program and a program to address illegal immigrant issues.
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Housing News: Now 100% 75% Bubble Free
Why Mexico Has Come Of Age As Retirement Property Market
Published Monday, May 01, 2006 by Real Estate Pro.Brought to you by Why Mexico Has Come Of Age As Retirement Property Market BY DAVID DEVOSS FOR INVESTOR'S BUSINESS DAILY Posted 4/20/2006 Fifteen years ago, San Felipe was an impoverished Mexican village at the northern end of the Sea of Cortez. Reforms in 2003 provided for regulation of Mexican real estate agents, ethical guidelines for property developers and recognition of U.S. title insurance.
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Why Mexico Has Come Of Age As Retirement Property Market
Condo Conversions Revert to Rentals
Published by Real Estate Pro.ET April 16, 2006 Six communities with 1,571 units - three in Broward and three in Palm Beach County - have made the switch from condo conversion sales back to rentals. "A bank that is asked to change a short-term loan for a conversion project to a longer-term loan for a rental project would also probably want to recoup those lost partial release fees at the time of the new loan," Dockerty said.
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Condo Conversions Revert to Rentals
New Homes, Condo Now More Likely to Have Telecom Bundle
Published by Real Estate Pro.Roseland Property Co. has set up such telecom services for its apartment buildings since 2001, said Josh Katz, vice president of development and technology for the company, based in Short Hills, N.J. Roseland has taken advantage of telecom competition in recent years, which has made underdog providers hungrier for business and more willing to discount rates to score large groups of customers.
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New Homes, Condo Now More Likely to Have Telecom Bundle
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- Stairway to heaven
- Happy April 15th this weekend. Anyone else see a problem with tax-free windfalls on housing sales?
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- Buying and Selling: The Realtor Curse II
- Housing News: Now 100% 75% Bubble Free
- Why Mexico Has Come Of Age As Retirement Property Market
- Condo Conversions Revert to Rentals
- New Homes, Condo Now More Likely to Have Telecom Bundle
- How Much Will a Home Cost You?