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XNET Real Estate Directory
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In many ways, 2007 was the culmination of one of the most important periods in the history of New York City real estate. Over the past decade, Manhattan apartments have more than tripled in value. While the rest of the country began to buckle under the pressures of the subprime crisis, the momentum from such a breakneck pace of growth kept the New York City market going strong throughout 2007. Nationally, it was the worst year for housing since the Great Depression; for New York apartments, it ...
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Taxes Wonderful--that cottage you purchased a few decades back has experienced an astronomical increase in value! So big in fact, it may now prevent the beloved family cottage from being passed to the next generation. A cottage is capital property, and with capital property comes capital gains tax. If the cottage owner is planning to leave the property to the next generation via his or her Will, and he or she has not planned for the taxes that will become due when the property is transferred ...
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There are many economic and market forecasts and predictions, however the bottom line is if you want to buy your first home—there is no wrong time. There is because the motivation to buy is not determined by regional market conditions or by location.
Industry opinions, economic reports and investor speculation do not sway or predict when a particular individual will be ready to buy. For the great majority of folks, the most compelling reasons to buy a home are based on individual circumstances ...
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