New Medicaid Rules on Home Ownership – New York Times The Deficit Reduction Act of 2005, signed by President Bush last Wednesday, makes significant changes in the rules regarding home ownership and its effect on eligibility for Medicaid, which is often used to pay for nursing-home care. Ronald Fatoullah, a lawyer in Great Neck, on …
Category Archives: Real Estate
Red-hot Keys housing market feeling a chill
Red-hot Keys housing market feeling a chill Some Keys residents who figured a year ago they were real estate millionaires are now scrambling to unload properties damaged by Wilma’s flooding. This time last year, real estate agents along this island chain couldn’t keep most properties in stock, as eager buyers snapped up trailer lots, pushed …
Continue reading “Red-hot Keys housing market feeling a chill”
As Baby Boomers hit 60, the retirement home undergoes big changes
As Baby Boomers hit 60, the retirement home undergoes big changes As Baby Boomers start hitting 60, the retirement home isn’t what it used to be. Neither is the family home. Two show houses built for the International Builders’ Show, which drew about 100,000 people in the home-building industry here recently, illustrate the changing shape …
Continue reading “As Baby Boomers hit 60, the retirement home undergoes big changes”
For some investors, real estate may have lost its rosy glow
For some investors, real estate may have lost its rosy glow Will investors continue to purchase residential real estate at a record pace, or will they return to the stock market, where analysts believe moderate gains are on the horizon? If there is a wild card in the nation’s housing this year, it’s the investor …
Continue reading “For some investors, real estate may have lost its rosy glow”
Part 2: Minimizing home-sale taxes
Part 2: Minimizing home-sale taxes Home sellers benefit from adjusted cost basis: The starting point for avoiding long-term capital gains tax on the profitable sale of your personal residence and investment real estate is its adjusted cost basis. This number is needed because it must be subtracted from the property seller’s “adjusted sales price” to …
Developers will be allowed to build condos (Miami)
Developers will be allowed to build condos (miami) The Aventura Commission will allow the developers of Lincoln Pointe Condominiums to construct a building with 460 units. Despite an advertising glitch that forced the Aventura City Commission to push the meeting back a day, it agreed to exempt the developers of Lincoln Pointe Condominiums from the …
Continue reading “Developers will be allowed to build condos (Miami)”