Real estate

As stated earlier, a housing bubble is a quick incline in housing prices over an extended period of time, but why was this housing bubble is worse than ones our economy had been through in the past. During the time period of 1995 to 1999 the United States housing market grew at a slow rate but it was a constant and consistent slow rate. This trend changed when the stock market crashed in March of 2000. The way people were investing their money after the crash changed, instead of putting their…

My wife and I love living in Arizona. We moved out here a few years ago from New York and never looked back. Sure, we miss everyone at home, but the mild winters, abundant sunshine, affordable real estate, proximity to dozens of amazing attractions, and low-cost of living, easily make up for that. We settled in a town named Goodyear located about twenty minutes west of downtown Phoenix. It’s the best of both worlds as we enjoy suburban living, but have access to everything the city offers. It’s…

New York City by implementing the different incentive schemes aimed at curbing the development of high density communities, provision of adequate public facilities, reducing public budgets by shifting maintenance costs to developers and creation of a vibrant urban center well connected by plazas, pedestrian walks and such. However, such schemes need to be readjusted to avoid unwanted results such as oversupply and high vacancy rates. Due to its success in achieving these objectives 17.2% of…

Living in a world where there are many different people who believe different beliefs, live different lives, and learn in different ways. People become well aware of the fact that everyone is human and not everything goes the way they had planned. While watching “Two American Families” one will come to the conclusion that even though two families who live in America who are completely different, one, a white family and one, an African American family. People are going through some of the same…

this information. Looking up this information by myself would take at least a day, and trying to gain them from Seller or Seller’s accountant could take up to a week, if the documents are able to be located. Further, I would ask to see copies of real estate and assessment tax bills for recent…

Section 165(a) states that there shall be allowed as a deduction any loss sustained during the taxable year and not compensated for by insurance or otherwise. Reg. § 1.165-1(b) states the in order to be allowable as a deduction under section 165(a), a loss must be evidenced by closed and completed transactions, fixed by identifiable events. Since Mr. Waters have not sold the house, and has no intention to sell it in the immediate future, there is no complete transaction in this case. In the…

If you are thinking about buying a house, you are about to embark on an exciting journey and one that will make a huge impact on your life going forward. Additionally, buying a house will probably be one of the biggest investments you will ever make. Therefore, you should spend some time learning about the process and everything that is involved before you begin, including the home appraisal and the home appraisal cost. Knowing the process and the things you should and shouldn't do when buying a…

Doing anything for the first time is always a learning experience. However, when you are buying a home for the first time, you can't really afford to make mistakes. The excitement and pressure of buying that perfect home usually gets to first time buyers, and as a result they often end up making mistakes. The 7 mistakes every first time home buyer must avoid are given below. 1. Choosing A Risky Mortgage Plan Buyers unaware of the intricacies of mortgage plans, sometimes choose a plan that is…

Freakonomics This movie has been adapted from a book written by Stephen Dubner and Steven Levitt. The entire movie has been divided into parts highlighting various phenomenon. The movie begins with Dubner and Levitt stating an example of a real estate agent and his client. The agent will convince his client to accept an offer lesser than what is being demanded rather than wait for another week. This is because the commission that the agent gets on the extra money that the seller makes would be…

Foreclosure “victims”? People can be victims of fires and floods. I think it is a stretch to call someone a victim of a foreclosure. When people face a crisis, they usually want to be warriors as opposed to victims. They are better served by empowerment as opposed to pity. Boomerang seems like a fun nickname though. I would stick with Boomerang Buyers. It has that double B as well as the root word BOOM. All foreclosures are not the same. Some deals were so bad that nothing would have…