These People Rushed to Buy Homes During Covid. Now They Regret It.

Stella Guan spent months searching for a home to buy, getting outbid again and again in the white-hot real-estate market of the Los Angeles suburbs. Finally, her offer on a “beautiful” Santa Clarita house was accepted in August, she said. The graphic designer, 30, paid roughly $600,000 for the house. But after sleeping there for only a few nights, she had an unfortunate realization. “I was like...

The Beginner’s Guide To Passive Real Estate Investments

Even if you’re new to real estate investing, you’ve probably seen the success stories touted on social media. Real estate entrepreneurs with private jets boasting a glamorous lifestyle and “guaranteed returns.” Newbie investors extolling the virtues of “mailbox money,” passive income that flows in with minimal effort. Over the last decade, the SEC has loosened restrictions on crowdfunding...

One Of The Most Expensive Homes In U.S. History Sells To Tiger Global Exec

A home in Palm Beach, Florida has sold for $132 million, making it the second highest-priced single-family home on record for the U.S. The buyer was Scott Shleifer, cofounder of private equity investing arm of Tiger Global Management. The 21,000-square-foot house had been on the market a few weeks ago with an asking price of $140 million, and despite the slight price reduction, it still comes close to...

New-Home Buying Rush Likely to Continue in 2021

More house hunters—particularly move-up buyers—are being drawn to new-home construction in the COVID-19 pandemic, so much so that it’s driving a surge in construction across the country. Single-family starts ended 2020 with the best year in home building since the Great Recession, and 11% higher than 2019. Ultra-low mortgage rates and a shift in housing preferences—including a growing demand for...

Buyers, Renters Are Moving for Love, Survey Shows

Forty-one percent of Americans have moved for love, with men more willing to relocate than women for their significant other, a new survey of 1,550 Americans from LendingTree finds. The top five states for a romance relocation, the survey finds, are: Florida (11%), California (10%), New York (7%), Texas (6%), and North Carolina (5%). But not all of these moves for love have happy endings, the survey...

Construction SMEs at growing risk of failure

The latest Business Distress Index from Real Business Rescue, a division of insolvency accountants Begbies Traynor, reports an 11% rise in the number of construction companies that it considers to be “in significant financial distress” – reaching 79,570 for the fourth quarter of 2020. It sounds bad. But perhaps the bigger story is that, by Begbies' reckoning, a massive 92% of the 992,000...

Construction’s bounce-back starts to fade

After that record 41% fall in April 2020, construction output had been rebounding, growing every month – until now. According to the Office for National Statistics (ONS), December 2020’s output was down 2.9% compared to November, falling to £13,516m and its lowest level since August. December saw falls in both new work (3.8%) and repair and maintenance (1.5%). The December 2020 level of...

What Is an Accredited Investor?

Not everybody is allowed to make all types of investments. More exotic investments, like hedge funds and early-stage startups, are exempt from a whole range of rules and regulations that aim to protect regular investors from the high levels of risk involved. These big risks, however, can also yield exceptional returns. Accredited investors have the money or the know-how to handle all of the risks...

What A Biden Win Means For Tax Policy

Estate attorneys, certified public accountants (CPAs) and the very wealthy will likely go to war with the federal government with President-elect Joe Biden come Jan. 20. The issue at hand? Biden’s tax reform proposals, including a little-known provision called step-up in basis. What Is Step-Up In Basis? When people inherit assets after the death of a friend or relative, a step-up in basis can provide...

Most, Least Desirable Home Features Right Now

A quarter of Americans say the pandemic has changed their housing preferences, according to a newly released survey of about 3,000 recent home shoppers and buyers conducted last summer by the National Association of Home Builders. Growing demand for more square footage—particularly popular among those who work remotely—as well as home offices, touchless home entry, mudrooms, and flexible space are...

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