A family member in a hot market is trying to move up. They have lost out a couple of deals, so the right kind of frustration is starting to set in, but they keep coming across the same tactic - sellers who want to occupy after closing. It's not enough for these...
Speaking of newcomers, it won't just be outsiders who fuel the future demand. Mortgage rates dipping into the threes make buyers giddy, but today's low rates are just the sweetener. Demand is being driven by the soaring rents. Rich people can choose in or out - I...
The foreclosure movie '99 Homes' is out - here is the review from Variety: http://variety.com/2014/film/festivals/venice-film-review-99-homes-1201293206/ Here is what the sfgate.com had to say: “99 Homes,” a gripping, intelligent thriller set amid the bursting of the...
From Bloomberg - hat tip GM: LINK Billionaire Donald Trump, who built his fortune in real estate, told Bloomberg Politics this week that he wants to raise his own taxes. One way to do it is a bipartisan proposal that would blow up one of the real estate industry's...
Excerpted from an article in BI: Chang's client is one of the group of wealthy Chinese caught in between a rock and a hard place: Leave their assets in China to potentially weather additional market volatility and yuan devaluations — or put it in real estate that is...
I appreciate the analytical, business-like aspect of the 1031 exchange, and try to do a couple every year just to keep my chops up. I'd love to do more exchanges because sellers of investment properties have to re-invest to avoid capital-gain taxes. But it's rare...
From Bloomberg: http://www.bloomberg.com/news/articles/2015-07-21/boomers-competing-with-millennials-for-u-s-urban-rental-housing Mike Abelson calls it his “man cave.” After his wife passed away, the 65-year-old sold his house and began renting a 1,400-square foot...
Doug's thoughts on today's market, interrupted occasionally by me:
Last night we heard a proposal to raise the capital-gains tax. Can we cut to the chase and dive into reforming the tax code instead? I don't want to get into the politics of it, let's leave that for other bloggers. Everyone can agree that some sort of tax reform is...
