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This has to be one of the stupidest tax breaks ever. The depreciation tax deduction lets landlords (but not homeowners) deduct about 3% of what they paid for their houses from their rental income each year, essentially treating homes like cars, which famously start to lose value the moment they...
House Price Index - USA and Australia
Australian home prices are up sharply since 2000 but it looks like the tide is turning. Here are 5 reasons why Australia home prices will likely fall over the next several years.
Just because the Fed rate went up 0.25% in June does NOT mean the 30-year fixed-rate mortgage rate will go up 0.25%. The Federal Reserve increased the federal funds rate (Fed rate) last month and currently many expect they’ll increase the rate another 0.5% by the end of the year. I...
The Case-Shiller Home Price Index was updated last month with data through April. The index doesn't give you home prices in dollars and cents, it uses an index based on home prices in January 2000 in each city. That way it's easy to compare home price appreciation between the 20...
Why Case-Shiller Index is Better. Whenever you read about home prices in the United States, it's most likely you're reading about the Case-Shiller Home Price Index. At first, many years ago, I didn't like the Case-Shiller index. I wanted to see dollars and cents home prices, not an index. The advantage of an index is that it's easy to compare home price appreciation in two different cities or between your city and the U.S. as a whole.