Although grim supply-demand unevenness have continued to pestilence real estate markets into the 2000s in many areas, the mobility of capital in existing stylish financial markets is heartening to real estate developers. During the early years of the Reagan administration, deregulation of financial institutions increased the supply accessibility of funds, and thrifts added their funds to an already increasing cadre of lenders. At the same time, the Economic Recovery and Tax Act of 1981 (ERTA) gave investors increased tax “write-off” through accelerated depreciation, reduced capital gains taxes to 20 percent, and allowed other income to be wrapped in cotton wool with real estate “losses.” In short, more fairness and debt backing was available for real estate speculation than ever before.
Wednesday, March 14, 2007
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1 comments:
Blog about home for sale in asheville north carolina
Hi
Enjoyed the blog - nice to see someone else has activated their anonymous feature ;-)
I'm interested in investing in the real estate market in the US and am looking for some really cheap repossession properties in Miami, Florida, California, New York, Washington, Dallas, Texas, Chicago and Los Angeles. I've found a couple of really good sites - Bargain network which has some really cheap homes and Texas Ranches for sale - ranches in Texas plus both sites have beachfront villas and cars that have been repossessed and are really cheap!! Just wondering if there are any more sites like this.
Thanks for this.
John
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