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1 Article
Source: Common Domain

How the new tax law affects vacation-home owners

Today 20:55 GMT

For 2018, they are:. This seemingly benign change can adversely affect vacation-home owners, because their allowable itemized deductions (including those for vacation home mortgage interest and property taxes) may not exceed their standard deduction amount for 2018-2025.

Step 6: Write off the personal-use percentage of mortgage interest and property taxes as itemized deductions on Schedule A of Form 1040, subject to the new Tax Cuts and Jobs Act of 2017 (TCJA) limits for 2018-2025 (see “TCJA changes affecting vacation-home owners” below).

1 Article
Source: Common Domain

Old World Opulence: 5 Castles For US$5 Million

Today 19:06 GMT

More: Click to read more news and stories about castles around the world This story first appeared in Mansion Global magazine, published on November 19th, 2018.

A US$5 million budget puts that dream property within reach, from a 1,000-year-old ruin in Umbria, Italy, to a more recent castle-inspired home overlooking South Africa’s dramatic Plettenberg Bay.

1 Article
Source: BBC

The country where 96% of citizens own homes

Today 19:07 GMT

Once the government began to sell these properties, people rushed to buy the homes they were living in – often at very advantageous prices.

Romania established the First Home programme in 2009 on the back of the global economic downturn to help would-be homeowners afford their first property. As Generation X reached the home ownership stage, attitudes toward property ownership had not changed within the country – but the Global Financial Crisis had made homeownership more difficult, especially with plunging supply.

1 Article
Source: Common Domain

Amazon Primed to Boost Property Prices in Winning HQ2 Cities

Today 19:06 GMT

While “Amazon landing in Crystal City fixes the problem of Crystal City,” said Daniel Ismail, an analyst with property-research firm Green Street, he thinks the knock-on effect in the surrounding neighborhoods will be limited because of high vacancy rates and the low barriers to building new space to absorb increased demand for offices.

While brokers say it is too soon for values of office buildings, retail space, hotels and apartment buildings to reflect any Amazon bump, they expect it for the neighborhoods surrounding the HQ2 locations.

1 Article
Source: Common Domain

A Historical, Multi-Structure Estate on 17 Acres in Pennsylvania

Today 19:06 GMT

While the original 750 acres are being split up into three-quarter to 10-acre plots and developed with $2.5 million-to-$10 million houses on them, Albermarle’s 17 acres are the most private of the bunch.

It is 20 minutes to Philadelphia International Airport, and five minutes to the Bryn Mawr train station, which accesses downtown within 15 minutes.

1 Article
Source: BBC

Would you buy a handbag from Plada or Loius Vuitton?

Today 20:56 GMT

The storefronts, which appeared to belong to the luxury brands Louis Vuitton and Prada, bore huge photos of models posing with legit-looking products while the shelves were packed with posh handbags and accessories.

Authorities closed down the fake Louis Vuitton and Prada shops in Renhuai within days, but other big brands operating in China have not been so lucky. In 2016, for instance, Apple lost a trademark fight against a Chinese firm selling handbags and other leather goods using the name IPHONE.

1 Article
Source: Fox News

de Blasio, citing 'socialistic impulse,' wants more government control of NYC property

Today 17:15 GMT

Mayor Bill de Blasio cited his "socialistic impulse" in describing an ideal world where New York City government has control over all land and buildings in his city.

“I think people all over this city, of every background, would like to have the city government be able to determine which building goes where, how high it will be, who gets to live in it, what the rent will be,” de Blasio said in a wide-ranging interview with New York Magazine. “I think there’s a socialistic impulse, which I hear every day, in every kind of community that they would like things to be planned in accordance to their needs.”

1 Article
Source: Common Domain

Rising From the Desert: Luxury Living Near California's Joshua Tree

Today 14:31 GMT

When they want to get away from it all, they head east and keep going past Palm Springs, where many of the Los Angeles elite have weekend homes, to the high desert by Joshua Tree National Park.

"I built architecture in Joshua Tree because it has a more open landscape, and a more open experimental culture," says Los Angeles–based architect Robert Stone, who built two houses in Joshua Tree, known as the gold house (Acido Dorado) and the black house (Rosa Muerta), almost a decade ago.

1 Article
Source: Common Domain

Chinese Property Bonds Are Now a Big Bet on Beijing

Today 13:36 GMT

The big bet for investors buying property developers’ dollar bonds is that the Chinese government probably won’t allow these companies to fail, despite their increasingly precarious financial position—given their importance both to China’s financial system and the country’s economy.

The big jump in dollar-denominated Chinese bond yields was sparked after China Evergrande, the country’s biggest developer, issued $1.8 billion of new bonds late last month with eye-watering coupons of up to 13.75%—much higher than it has had to pay previously for debt of similar maturities.

1 Article
Source: Common Domain

Two sisters want to disinherit their half-sister after their father dies without a will

Monday 12:40 GMT

Because these two sisters are betting on their youngest sibling not having enough knowledge or power to take any action.

She is a legal heir and, as there was no will, your cousin is likely entitled to at least one-third of her father’s estate assuming her father was not married at the time of his death, and there were only three surviving children. Children born outside of marriage have the same legal rights, as long as they were not adopted by another family.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte