Various tax regulations on real estate are both loved and hated by various people. Proposition 13 in California is blamed by prospective home buyers as being one of the reasons buying a house is so expensive. “Long-time homeowners aren’t paying their fair share.” What we rarely see is that income tax deductions for mortgage interest […]
Mortgage Deductions For New Home Buyers vs Prop 13 For Old Buyers Read More »
Economic impact: “C.A.R. estimates that hundreds of millions of dollars in revenue will be generated for local governments and schools, with a major portion going to the state’s fund for fighting wildfires and to under-funded fire districts. These changes are also expected to spur activity in the housing market.” If the Proposition is estimated to
The Foster City Levee improvement, which was funded by Measure P in 2018, is estimated to cost property owners $40 per $100,000 of assessed property value. This cost is much less than the typical flood insurance required by mortgage lenders. The project is also intended to make the Levee/Bay Trail a more inviting recreation destination.
Foster City Levee Improvements & Tax Read More »
If you are thinking about having retirement income or living in a rural setting, exploring California’s Williamson Act may be of value to you even though you are working in Silicon Valley. The intent of the program is to preserve agricultural lands by discouraging their premature and unnecessary conversion to urban uses. The allowed uses
Williamson Act – Property Taxes Read More »
There are many “calculators” used to compare renting versus buying. Perhaps one of the first things a buyer/renter should consider is why would an investor owner offer his home for rent rather than selling it. Isn’t he betting a lot of money in the opposite direction of a renter? The property owner may have bought
Home Buyers Make a Rent vs Buy Decision Read More »
