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- If you’re considering buying a second home, there are a few pros and cons to weigh when it comes to your taxes.
- Homeowners can deduct up to $10,000 total of property taxes per year on federal income taxes, including taxes on a second home.
- If you don’t rent out your second home, it’s taxed much like a primary residence, with mortgage interest and property taxes deductible.
- If you’re planning to rent out your second home for part of the year for income, however, your taxes will be much different, with more deductions available, and income tax due on any rental income.
- Policygenius can help you compare homeowner’s insurance policies to
Source: Investor presentation
Towards the end of June, I penned a piece on residential rental REIT American Homes 4 Rent (AMH) stating I thought the stock was a sell. Shares are up marginally since then, so my bearishness seems to have been overdone given the way the stock has performed. However, that is a long way from making the stock a buy, and below, I’ll detail why I still think AMH is a waste of your time and investing dollars.
Shares have been resilient since June, as I said, and as you can see above. We aren’t talking about blockbuster gains here – a dollar or two per share – but to its credit, AMH is holding up. What’s interesting is that its peer group has performed absolutely horrendously this year, underperforming the S&P 500 by about 30% since the March bottom. AMH has vastly outperformed its peer group, however,
Global cities experienced only modest growth in home values from April through June, as much of the world faced some form of economic lockdown, according to new data.
House prices in 150 urban centers rose by an average of 3.4% in the second quarter of 2020 compared to the same period last year, according to Knight Frank’s Global Residential Cities Index, published on Thursday. While it marked a very slight downtick from the 3.6% annual growth recorded in the first three months of the year, the massive economic disruption caused by the pandemic appears not to have had an immediate impact on city home prices.
Indeed, there were still pockets of extreme growth even in the face of uncertainty, particularly in Turkey, where astronomical price growth in three cities led the entire index. The Turkish port Izmir, the country’s third most populous city, saw home prices shoot up 28.1% in
Shares of homebuilder Meritage Homes (NYSE:MTH) popped 15% in the month of September, according to data provided by S&P Global Market Intelligence. The U.S. housing market has shirked COVID-19 pandemic woes and is on a surge, with home sales in August soaring 4.8% to highs not seen since 2006 and home prices continuing to hit new levels.
Meritage Homes is making the most of the housing boom, as reflected in its latest September announcement.
On Sep. 21, Meritage announced a whopping 73% year-over-year jump in total home orders for July and August combined. Meritage clocked an average absorption of six homes per month per community for the two months, nearly twice the level in the comparable period in 2019. Absorption rate is simply the rate at which homes are sold in a specific community during a specific time period.
CEO Steven J. Hilton called it “unprecedented
Google’s new smart speaker for your home takes on a completely new design — and a new name. From the specs to the look,is very much the next-generation full-size smart speaker for everyday use.
There’s plenty we know about the fabric-coated device, and much we’ll still have to find out. For example, we know it promises to improve speaker volume by an astonishing percentage, but we’ll have to see how the Nest Audio stacks up tothein real-world tests. If the are any indication, this could be the Alexa-killer Google has been hoping for.
We’ll walk you through the most important things to learn about the Nest Audio’s price, colors, sale date and features. And we’ll explain what the new name means for other Google Home ($99
Don and Laura Zapata grew up in San Francisco, attended public schools, raised their two daughters in the city and, until August 31, lived their entire lives there.
The appeal of being close to their family and jobs waned after years of paying up to $3,000 a month in rent and disappeared with COVID-19. The couple toured houses for months during the pandemic, finally finding a dream home 70 miles away in Tracy.
“It was time to just change our life,” said Laura Zapata, 37, a hair restoration stylist. “It was time to go.”
The Zapatas joined a procession from San Francisco this summer that has sent rents plummeting, home inventory soaring and chilled home and condo prices in what remains the most expensive city in the nation.
Outside of San Francisco, the Bay Area COVID-19 real estate market has been red-hot, with few homes for sale, quick deals, cash
A federal judge decided Friday that a Honolulu-based defense contractor accused of bilking the Paycheck Protection Program of $12.8 million can be released on $2 million bond while he awaits trial.
Martin Kao, the CEO of Navatek LLC faces multiple counts of bank fraud and money laundering for allegedly falsifying loan documents used to gain access to federal funds meant to help small businesses survive the economic fallout of the coronavirus pandemic.
He was arrested by federal agents in Honolulu on Wednesday and is being held in the Federal Detention Center. The detention hearing was held via telephone on Friday morning.
Federal prosecutors argued that Kao was a flight risk and that he should not be released from federal custody because he has millions of dollars in assets and legal status in Taiwan,
Nothing captured the despair of the coronavirus outbreak in New Jersey like the Easter Sunday discovery of a makeshift morgue crammed with 17 bodies at one of the state’s largest nursing homes.
The virus rampaged through Andover Subacute and Rehabilitation Center last spring, killing 82 residents and two employees, one of the highest nursing home death tolls in the state.
Yet, the state Health Department’s “data dashboard,” the webpage that chronicles the pandemic’s ongoing toll in the Garden State, on Thursday listed no deaths at the Sussex County facility and just three COVID-19 cases.
In mid-July, state health officials made a decision to take down the total number of deaths at each nursing home, and instead started reporting only deaths and cases as they occurred during an active outbreak.
The only nursing homes, assisted living facilities and other long-term care facilities now listed on the dashboard are the 155 that
Cambridge Companies, developer of the award-winning Mustang Lakes in southeastern Celina, has opened its newest Celina community on the west side of the Dallas North Tollway. Cambridge Crossing offers access to the Frisco, Plano and North Dallas employment and entertainment districts.
Mustang Lakes, the community named Best Master-Planned Community in DFW by the Dallas Builders Association in 2018 and awarded The Best Amenity in the Nation at The Nationals in Las Vegas last year, is having its best sales year ever, despite the pandemic.
“Mustang Lakes continues to see strong sales, as prospective buyers recognize the quality of the development and its outstanding mix of amenities. They are also seeking Prosper ISD schools, including the state-of-the-art Sam Johnson Elementary School, which opened this fall,” said Matt Alexander, vice president of Cambridge Companies.
The development team at Cambridge has designed the same world-class level community at Cambridge Crossing, located just north