RESPONSE FROM A READER: I have given some thought to the timeshare thing – and yes we had one and paid money to get rid of it. Many things amaze me about timeshares, particularly why there isn’t more mandatory information ...Read More »
DEAR MR. BERKO: My significant other and I are in our early 50s, and in March 2008, we rolled over our 401(k) accounts – which were stuck in some stupid, pitiful mutual funds offered by our company – to a ...Read More »
DEAR BENNY: I am not a U.S. resident, and my wife and I are selling our house for less than $300,000, with $100,000 profit. We are selling the house in order to buy a new one. I searched and saw ...
Tagged with: Benny Kass FIRPTA Foreign Investment in Property TAx Act principal residence STaker Section 1031 like-kind exchange withholding certificate withholding of tax on nonresident aliens and foreign entitiesRead More »
A new study has revealed that seniors who own their homes are much more likely to enjoy good health and a generally good life during their senior years than those who rent their residences. The study was sponsored by the ...
Tagged with: A Profile of Housing and Health Among Older Americans Dodd-Frank Act Fannie Mae FDIC Freddie Mac Jim Woodard MIchael Eriksen MIke Fratantoni Mortgage Bankers Association's Research Institute for Housing AmericaRead More »
DEAR MR. BERKO: I am 44 and have been working at the same company for 15 years. I’ve invested $84,000 in my 401(k) plan. My employer contributed just under $10,000. And after 15 years of investing in the mutual funds ...Read More »
DEAR BENNY: My fiancée wants to add me to her house title. I’ve been living here about three years now. The house is paid for as of June 2013. My fiancée has no kids and is a widow (her name ...Read More »
DEAR BENNY: I saw some real estate columns you wrote and wanted to write to see if you could answer a question for me. I am under contract on a house in Washington, D.C., with a separately metered basement apartment. ...Read More »
DEAR MR. BERKO: My new broker believes that the European economy, which has been dead in the water for several years, is headed for a turnaround and has recommended three foreign issues. He recommends that I invest $10,000 in each ...Read More »
Recovery from our recent recession will continue in 2014, but it will be greatly reduced by a surprising factor – the low number of new household formations. About 1.1 million new households form in a normal year. These new households ...Read More »