DEAR BENNY: I am hoping you can clarify debt relief as it applies to rental property. My sister has a single-family residence that she rents out and is now letting the house follow the path to foreclosure. She received info ...Read More »
The income required to purchase a median-priced home in today’s market depends largely on location and varies quite a bit across the country. In Cleveland, you could earn $22,000 a year and still afford a house, but in San Francisco, ...
Tagged with: Clear Capital Freddie Mac HSH Associates income required to buy median-priced home Jim Woodard Market Composite Index Martgage Bankers Association Morningstar Corporate Credit Ratings National Association of Realtors Primary Mortgage Market Survey Refinance Index Weekly Mortgage Applications Survey ZillowRead More »
RESPONSE FROM A READER: Read your recent column regarding the house rehab project which stopped in the middle. Just a thought: Most building permits have an expiration date, which local authorities may enforce, or ding the homeowner with some sort ...Read More »
DEAR MR. BERKO: Why has the stock market continued to make new highs while unemployment remains high? Why has unemployment remained high when the Federal Reserve adds $85 billion a month to the economy? And why has the gross domestic ...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 »