Real Estate Housing Feed

Shelley Long and Tom Hanks confront one of many (MANY) problems of homeownership in 1986's "The Money Pit." (Click image to view full MovieClips.com scene.) How expensive is owning a home? So expensive that many homeowners view "The Money Pit" as a documentary. But, we console ourselves, at least we get some nice tax breaks for our piece of the American Dream. In many cases, though, the reality of buying a house is, at best, a wash economically. Some folks would be better off financially renting. Ah, but emotionally, there's little that can beat the feeling of having your own... Read more →


Real estate taxes, along with other now-deductible state and local levies, could be eliminated as part of the forthcoming Republican tax reform plan. One thing is true when it comes to tax law changes. Some people win and some people lose. The big question as we await the Trump Administration's tax reform proposal is who will end up in which group. One segment seen as a potential big loser in the proposal Republicans will release on Wednesday, Sept. 27, are the Americans who pay state and local taxes. These include income, sales and property taxes, all of which currently can... Read more →


Donald J. Trump is Tweeting about tax reform. He's also holding bipartisan dinners at the White House to talk taxes. West Virginia Democratic Sen. Joe Manchin was pleased steak was on the menu. The White House website has a video explaining how the tax code is broken. House Speaker Paul Ryan says Congressional Republican's tax reform plan outline will be released in a couple of weeks. Meanwhile, pundits have been honing their prognostication skills, attempting to tease out tax possibilities and their potential effects. But despite all this action, the bottom line is that it's still just a big tax... Read more →


The spectacular hole 13 waterfall at Trump National Golf Club in Westchester, New York, is one of the things that makes the property so valuable. But Donald Trump's attorneys say that property appraisers have set the price too high, at least when it comes to the value that determines the course and club's annual real estate tax bill. While Donald J. Trump was watching the USGA tournament at his Bedminster, New Jersey, golf club (where most summer weekends he plays golf), his attorneys around the country were working on ways to lower property taxes on some of his other courses.... Read more →


Walt Disney attorneys contend that the values of its properties are as inflated as these Disney World balloons and have gone to court to get new assessments. (Photo by Davidlohr Bueso via Flickr) Walt Disney's namesake recreational areas have built their vacation reputations on being the happiest places on Earth. But the company's tax lawyers are in decidedly bad moods after getting what they say are excessive tax year 2016 property value assessments of their Sunshine State parks. So Disney is taking the Orange Country, Florida, property appraiser to court. Dozens Disney tax suits: Disney Parks and Resorts have filed... Read more →


When Donald J. Trump gets back from his first trip abroad as president, he's going to come home to something all homeowners dread. There's a problem at the house. OK, with Trump we have to ask which house? While there's plenty going on and going wrong in Washington, D.C., right now, I'm talking about the abode 45 calls the Winter White House, otherwise known as Mar-a-Lago. One of the views of Ma-a-Lago showcased on the private club's website. A sinkhole opened up this week in the street outside his landmark Palm Beach, Florida mansion. Traffic alert first: The news of... Read more →


Americans have again dived into the deep end of the personal debt pool "Americans have now borrowed more money than they had at the height of the credit bubble in 2008, just as the global financial system began to collapse," write Michael Corkery and Stacy Cowley in today's New York Times' DealB%k column. The $12.73 trillion in debt reported in the first quarter of 2017 is comprised mainly of housing-related borrowing. But there is a bit of good news here. Here's hoping that the new residents find being homeowners as sweet as these house warming cupcakes. (Photo by Danl Lurle... Read more →


If you're like me, you're probably spending your Sunday perusing the possibilities for tax code change under the Trump Administration's recently announced plan. National Economic Council Director Gary Cohn, left, and Treasury Secretary Steve Mnuchin announce the new administration's tax plan on April 26. Click image for full CNN video report. The document — officially titled "2017 Tax Reform for Economic Growth and American Jobs" and officially subtitled "The Biggest Individual And Business Tax Cut in American History" — really is more of an outline. Deleting deductions: Under the proposal's simplification bullet point, the first item is eliminate targeted tax... Read more →


The federal deduction for local property tax payments could be eliminated as part of the Trump Administration's tax reform proposal. I'm trying not to get too worked up about the Trump Administration's recently released tax cut plan. In a past career I worked on Capitol Hill and watched first-hand how tax proposals morphed from concept to actual law. But I still get a little knot in my stomach when I think about losing my state and local tax write-offs when I fill out my federal Form 1040. Wait, you say. You're in Texas. There's no state or local income tax... Read more →


More Americans believe the Trump Administration will hike their taxes rather than cut them, according to a new poll. The CBS News survey found 38 percent believe the president will raise their taxes, 25 percent believe he will lower them and 33 percent think their tax bills won't change. The tax increase belief was strongest among poll participants who made less than $100,000. The telephone poll, conducted between April 21-24 by SSRS of Media, Pennsylvania, was released by CBS News on Wednesday, April 26, the same day that the White House revealed its latest tax reform plan. That tax plan,... Read more →


Happy Earth Day 2017! Maybe you're spending this Saturday simply out enjoying the beauty of Mother Earth. Or perhaps you're participating in the March for Science (the main event in D.C. or satellite marches across the country) to support scientific efforts, including the study of climatology and climate change. Regardless of how you acknowledge Earth Day, thank you for thinking of our planet. In recognition of your commitment to protect and preserve the only place we humans and other creatures have (so far) to live, here are 7 tax saving options that reward energy and environmentally friendly efforts. Let's start... Read more →


Bluebonnets, the state flower of Texas, are among the wildflowers that emerged early this year thanks to warmer than normal temperatures. (Photo of a Hill Country patch on March 18, 2017, by Kay Bell) Hello, Spring! You used to be my favorite season, but for the last few years — OK, the last dozen that we've been back in Texas — you've arrived in late February or early March and only lasted about three days. By the time you're official, which was when you clocked in at 6:29 a.m. Eastern Daylight Time (5:29 a.m. CDT; I was asleep) today, it... Read more →


Is this how you're feeling today after losing an hour of sleep to the shift to Daylight Saving Time? I'm right there with you. GIF via PR's Tumblrdome Daylight Saving Time (DST), which most of us in the United States switched to overnight by moving our clocks one hour forward, ostensibly was created to make better use of daylight. Basically, for the next seven and half months we'll get more daylight in the evening when we are home from work and/or school. But the annual adjustment of an hour's loss of sleep is difficult for a lot a folks. Every... Read more →


You might have seen the suggestion that you move to lower your tax bill. I love old ads like this one for Dodge commercial trucks courtesy Alden Jewell via Flickr. Folks making this vintage move look much happier than they ever do when relocating in real life. That usually tongue-in-cheek recommendation didn't make my 12 year-end tax moves list, but all y'all are welcome to join me here in no-income-tax Texas. I must warn you, however, that if you buy a home, property taxes could eat up a chunk of what you're saving by not paying state tax on your... Read more →


With Republicans soon to be in control of Congress and the White House, the tax focus has shifted to a major rewrite of the Internal Revenue Code. But this legislative approach means that more than 30 temporary tax provisions will disappear from the tax code on Jan. 1, 2017. Whether they are resurrected in any new tax overhaul depends on how persuasive the various laws' lobbyists are, how committed Senators and Representatives are to streamlining the tax code and how much tax revenue is gained or lost by their continued absence or revival. Extenders usually long lives: These tax laws,... Read more →


Today is officially winter. You know what that means. Taxes. For folks in Michigan, at least. Much of the United States has been in the grips of the Weather Channel named winter storm Decima this month. The Arctic air even dropped down to the Austin area earlier this week, producing a bit of a freeze in our back yard waterfall/stream. (Click image to watch my YouTube video.) OK. Tax collection in the Great Lakes State isn't limited to the coldest months, which are pretty plentiful there. And it's not even limited to one state. Property tax bills, which actually are... Read more →


Taxes are about dollar amounts and dates. April 15 obviously is the biggie. But Dec. 31 is almost as important. The end of a tax year is, for the most part, the last time you can make tax moves that could help lower your coming tax bill. While we all wish we could have Homer Simpson's to-do list, when it comes to taxes, most of us need to take care of some potentially money saving tax tasks by Dec. 31. With the days rapidly dwindling (the countdown clock over there in the ol' blog's right column is tracking them), here... Read more →


Welsh officials are sooooo happy. On Sept. 12, lawmakers in Wales introduced the country's first homegrown tax in 800 years, finally, as a new government fact sheet says, producing "Taxes made in Wales for Wales." Dolwyddelan Castle in Wales, built by Llywelyn ab Iorwerth in the early 13th century to watch over one of the valley routes into Gwynedd. It was in the latter part of that century that the Welsh nation last passed a tax law. (Photo by United Kingdom National Archives via Open Government Licensing/Wikipedia) We'll see how long that excitement lasts. I will, however, cut the people... Read more →


Parents want the best schools possible for their kids. Heck, even child-free folks like the hubby and I want good schools. We're counting on the kids roaming our neighborhood getting good educations, then good jobs where they pay into the Social Security that we're planning on collecting in the ever-nearer future. School is back in session, supported in large part by the property taxes that homeowners pay. (Photo by WoodleyWonderWorks via Flickr) But homeowners also hate property taxes. By some measures, it's the most hated tax. So when we get our property tax bills, the largest portion of which tends... Read more →


The next time you think that paying your U.S. taxes stinks, be thankful you're not living in a place where that is literally true. Garbage trucks at Intel Bengaluru, India, offices as dispute over property taxes escalates. (Photo via PublicTV India Twitter feed) Global computer chip maker Intel found out that owing taxes in India can really stink. When workers arrived at Intel's office in Bengaluru, India (some might recognize it as Bangalore) on Monday, Aug. 8, they found loaded garbage trucks parked on the company's campus. The annoyingly aromatic vehicles were directed to the high tech company's facilities in... Read more →