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Message |
    
Oohlala
Pilla Bewarse
Username: Oohlala
Post Number: 46
Registered: 06-2004
Posted From: 192.18.101.5
| | Posted on Wednesday, August 03, 2005 - 6:47 pm: |    |
copy & paste:
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Interesting article for the first-time homebuyers.
There are many warnings and forecasts alerting the softening
realestate market in the US. See related news in three different
popular websites in today's (03/15/2005) new edition:
Speculators Could Be The Pin To Pop The Housing Bubble
http://realtytimes.com/rtcpages/20050315_speculati on.htm
Real Estate: Avoid the Burn
http://biz.yahoo.com/bizwk/050315/nf200503155246_d b093_1.html
Biggest U.S. housing market to slow
http://www.inman.com/inmannews.aspx?ID=45270
If you are a renting right now, looking for your first home this
article might enlighten you about the insights of buying a house and
risks tied to it.
----------------------------
How US Housing Market Appreciated at faster pace?
1997-1999:
Thanks to the 1997 Tax Act, its repeal of the old home sales tax
rules and its enactment of simple, new rules, most home sellers can
now completely avoid tax on their sale profit. New Internal Revenue
Code says up to $250,000 of profit per qualified home seller (up to
$500,000 for a married couple filing jointly) is tax exempt. Even
home sellers who used the old "over 55" rule and/or the "rollover
replacement rule" can use this new tax exemption.
1999-2003:
Dot-com burst disappointed many investors in the stock market and
many of them sensed the fast growing housing market and invested
heavily in real estate.
2003-2005:
Interest rate at its historic low, added fuel to the red-hot housing
market, defeating conventional wisdoms of economic laws. Mortgage
lenders relaxed have relaxed the criteria used for evaluating
mortgage applications, also invented new tools such as "Interest Only
Loans", to qualify buyers beyond their afforable means stretching
them to approve bigger home loans which were considered very risky
before.
2005-beyond?
If you are thinking about buying your first home in already inflated
housing market competing with other crazy buyers over-bidding houses
way beyond the list price, atleast realize what you are getting into
before making such hasty big decision in this frenzy housing market.
This article will walk you through the details as to what is involved
in owning a house. |
Eeidlagolayenti
Kurra Bewarse
Username: Eeidlagolayenti
Post Number: 536
Registered: 03-2005
Posted From: 65.115.93.126
| | Posted on Wednesday, August 03, 2005 - 5:42 pm: | |
boom anedi burst ki mundu vastundi.
2000 lo anubhavam meeda nerchukunna patham.  |
Vytwo
Bewarse
Username: Vytwo
Post Number: 2442
Registered: 01-2005
Posted From: 162.119.64.114
| | Posted on Wednesday, August 03, 2005 - 5:36 pm: | |
telisina vallu sollandi |
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