You might not depreciate your home, however you might depreciate rental units and other commercial buildings, stated Dr. Mark Levine. With so much info on the market, beginning a real property enterprise or LLC is often a complicated process. Our new on-line actual property class, hosted by professional investor Than […]
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Walmart homes in on family, community in first ad push for Walmart+
Dive Brief: Walmart announced the first advertising campaign for its new online membership service, Walmart+, in a blog post by U.S. Chief Marketing Officer William White. Called “A Different Kind of Membership,” the multichannel effort features a diverse cast of 22 real families and focuses on how Walmart+ opens up […]
lockdown shifts what Britons want from their homes
Speedy Wifi and green space have climbed up the priority list for property buyers, as lockdown has shaken up what Britons want from their homes. A new survey by Ipsos MORI, the pollster, found that 49pc of people said a fast, reliable internet connection and being near green spaces have become more important to […]
Housebuilders hold the key to homes crisis
Between 2010 and 2015, an earlier planning shake-up saw the number of permissions granted each year increase by 75pc. But the number of homes completed annually was just 33pc up. Similarly, between 2015 and 2017, as permissions granted per annum increased 36pc, homes built rose just 15pc. The growing delay […]
Mortgage lenders to review cladding rules after declaring homes ‘worthless’
Mortgage lenders will change rules which have made thousands of homes effectively worthless because of fears of flammable cladding – even on buildings where no cladding exists. The rules on cladding were tightened in the wake of the Grenfell Tower disaster in 2017, where flammable material on the side of the […]
How does the stamp duty holiday work for second homes and buy-to-let purchases?
Since April 2016, anyone buying an additional property – essentially, second homes and buy-to-lets – has had to pay an additional 3 percentage points in stamp duty. The charge applies above the normal stamp duty rates. Now the normal stamp duty rates have been cut, those buying an additional home will also […]
230,000 renters to lose their homes in summer of evictions
Almost 230,000 renters could lose their home when the Government’s ban on evictions comes to an end in August. An estimated 3pc of adults living in rented accommodation owe almost two months’ worth of money to their landlord, research by charity Shelter has shown. Normally, any tenant who owes eight weeks […]
Demand for new-build homes surges as first-time buyers are cut out of the market by lenders
Lenders fear the forecast falls in house prices will quickly lead highly leveraged buyers into negative equity. Nationwide, for example, has increased the necessary size of a deposit from 5pc to 15pc. This change disproportionately affects anyone who is trying to get onto the property ladder, and unless first-time buyers have serious […]
‘They Just Dumped Him Like Trash’: Nursing Homes Evict Vulnerable Residents
This month, Silvercrest issued the third eviction notice. Mr. Hightower’s appeal is pending. “They just want to get rid of me,” he said. Michael Tretola, the president of Silvercrest, declined to comment on Mr. Hightower’s case or to say how many residents have been evicted. “The health and safety of […]
Demand for prime-value homes spikes as coronavirus deepens wealth divide
Pent-up demand has led to a dramatic resurgence in property sales in England but this is led by prime properties – leading to fears the trend could polarise the market and deepen the country’s wealth divide. The housing market is recovering from a seven-week freeze that suspended an estimated 373,000 transactions and saw […]