General Real Estate

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...
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.
The next few days you’ll probably see a lot of news stories about the Fair Housing Act being signed 50 years ago on April 11, 1968. What those stories likely won’t tell you is the percentage of U.S. blacks who own their own homes today compared to back then. The 1970 census found 42% of black households owned their own homes. Today, the number is also 42%. That seems impossible!
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