Since the outbreak of COVID-19, businesses have been shut down, thousands have been laid off from their jobs, millions have applied for unemployment, and people have been asked to stay at home until the pandemic is under control. With all of this being said, homeowners and renters are now faced with the challenge of paying rent, even if they do not have the income to pay. In this article we will outline government initiatives that
Trump’s tax tariffs on lumber, steel and aluminum may increase the cost of new housing. In November of 2017, the US set final total tariffs for most Canadian softwood lumber producers at 20.8%. According to Aaron Terrazas, senior economist at Zillow, this caused the price of lumber to jump nearly 15% and added $6,000 to $10,000 to the cost of a newly built median-priced single family home. By contrast, the the National Association of
A reduction in incentives for homeownership results in strong demand in the rental market. This fact, and a new deduction on taxable income of pass-through companies suggests that landlords and other real estate investors stand to benefit from the new law.
The Tax Cuts and Jobs Act has been signed into law. There were some big "wins" in the final bill from the perspective of homebuyers, owners, and real estate investors. However, the bill removes important incentives for homeownership and may have an adverse impact in some markets. According to the National Association of Realtors, home prices will grow at a slower pace of 1-3% nationally. Unfortunately, some local markets in high cost, higher tax areas
On Thursday, November 9th, Republicans in the Senate Finance Committee released an outline of their version of the "Tax Cuts and Jobs Act". Just one week earlier, the Republicans' congressional House Ways and Means Committee released the original version. Both pose a threat to homeownership as we know it today. Here is a short summary of how both may affect your real estate. Mortgage Interest Deduction The house bill will keep the mortgage
On Thursday, November 9th, Republicans in the Senate Finance Committee released an outline of their version of the “Tax Cuts and Jobs Act”. Just one week earlier, the Republicans’ congressional House Ways and Means Committee released the original version. Both pose a threat to homeownership as we know it today. Here is a short summary of how both may affect your real estate. Mortgage Interest Deduction The house bill will keep the mortgage
Arguments For and Against the BREXIT: Reasons for leaving: The EU threatens Britain's Sovereignty – supports of this viewpoint reference the trend of an increase in EU authority over the past few decades. For example, in matters of competition policy, agriculture, and copyright and patent law, EU rules overrule national laws. The EU is able to impose regulations on its members, some of which BREXIT supporters claim are overly burdensome and cost the British