Good. We don't need another housing crisis
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CapitaLand targets new growth markets with $4.4 billion Temasek real estate dealSingapore's CapitaLand is paying S$6 billion ($4.4 billion) to scoop up log...
Source: Reuters - 🏆 2. / 97 Read more »
Awaiting Amazon, 2 quiet real estate markets turn white-hotAmazon has just sparked a real estate frenzy to rival Cyber Monday. A three-bedroom condo with Manhattan views that had sat on the market for months, priced at $1.7 million, is suddenly drawing would-be buyers now that Amazon has announced plans to build part of its new second headquarters... Oh cool. The CITIZENS are paying $45000 per job in tax incentives to get Amazon to comebless them with their glorious business presence, and now housing prices will go sky high for that same tax base. Chrony deals make politicians look terrific... but, SCREW the public. You mean a gentrification boom paid for with taxpayer money! Okay now! Secret deals by the democrats on our dollar! How is that new helicopter pad working out?
Source: ABC - 🏆 471. / 51 Read more »
Real Estate Markets Cooling Across The Country, And It's Not Just The Winter EffectIn the wake of a booming home price run-up, experts explain the recent real estate market shift caused by homebuyer fatigue and affordability challenges and share 5 housing trends to watch for. Most certainly would expect it to be. Interst rates? Anyone?
Source: Forbes - 🏆 394. / 53 Read more »
A Treasured Tax Break for the Smart Real-Estate InvestorReal-estate use of so-called 1031 exchanges, which let taxpayers defer capital-gains taxes after selling an investment property, survived the GOP tax overhaul. This provision is just a way to ratchet up real estate prices and deny entry level opportunities for people just starting out. It’s a bad idea, it’s bad policy, it creates a special class of tax free investor. Gee what a surprise. Another handy loophole that does little more than allow the wealthiest Americans to skip out on paying taxes that somehow survived the GOPs totally-sincere effort to Reform the Tax Code. Color me shocked. That benefits the rich so no surprise here.
Source: WSJ - 🏆 98. / 63 Read more »