15 July 2010
NATIONWIDE
Can Mortgage Interest Deductions boost homeownership?
Tax deduction on mortgage interest paid by home buyers, coming under high-end property market segment are happily enjoyed by hundreds of thousands of Americans. The homebuilding and real estate industry circles say the deduction is an important part of promoting homeownership. Yet financial experts have long questioned the link between homeownership and tax subsidies provided all-around. Read more…
LENDERS & SERVICERS
Tax deductions on mortgage interest – some clarifications
Tax payers enjoy the benefit of tax deduction on the interest they pay on mortgage loans. The tax policies of government help reduce the cost of a home while buying, and millions of tax payers – especially those buying homes from the high-end property segment – are happily making use of this benefit, although it is costing the exchequer heavily. Read More….
LUXURY HOMES
It’s the Rich That Are Defaulting on Mortgages More
CNBC.com has published an article on the subject, which throws more light on this state of affairs presently obtaining. Their reporter, Diana Olick, had published another article titled “Biggest Defaulters on Mortgages are the Rich” in New York Times and is overwhelmed on the responses reaching her after reading that. Read More
Luxury Homes Don’t Go Up in Value
The owners of luxury properties are often misled into how their property appreciates in value.
With the continual increase in density within our metropolitan populations and housing distribution, land is becoming an ever more sought after asset. Land is in limited supply and so is therefore highly valued in our community.
Structures however, are made of a variety of building materials. Rarely are these building materials able to be differentiated within the finished product. Read More
COMMERCIAL
The Consequences of High US Inflation or Even Worse – Stagflation
The ability of the United States to not only recover from her recessionary doldrums, but also her ability to combat inflation and at the same time maintain the integrity of the US financial system will remain key criteria for the US to maintain her status as world economic leader. Read More….
MARKET UPDATE – BAY AREA
Latest Condo Report of San Francisco Chronicle
The news stories published in San Francisco Chronicle under the Real Estate feature are very useful for viewers, to update their information of what is happening in the 9-County SF Bay Area. In this context, their latest Condo Report analyses the facts and figures of residential property sector – particularly condominiums. Here are some of the points under discussion in that analysis. Read More…
Can low mortgage rates fill up the void for tax-credits in SF Bay Area?
A Business Report appearing in San Francisco Chronicle analyses the above question in detail. Here are some of the interesting points raised:
To refresh memory – federal government announced tax incentives to make way for speedy recovery of economy and enthuse home buyers to engage in buying activity. To become eligible for the tax break – $8,000 for first-time home buyers and $6,500 for those already own a home and buying another to move in – the stipulation was purchasers must have entered into a binding contract with the sellers latest by April 30. The deadline for closing the deal was June 30, but Congress extended it to Sept.30 last week. Read More…
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