|April 2005:. the Tax
Tidbits issue ...
INVESTMENT PROPERTIES HAVE IMPRESSIVE
|Tax Benefits for
buying commercial properties. In 2004, cross the country, a record $8.6
billion worth of office buildings, retail centers, warehouses and
apartments were sold. That’s close to double what was spent in 2003, notes
a report by Deloitte & Touche and Rosen Consulting Group
More properties are selling, and people are paying top dollar for them. In 2004 in Los Angeles, the average price per foot paid for office buildings rose to $196, up from $156 in 2003.
Interest rates have been low. Until recently, the stock market has not been inspiring. Real estate prices have been bounding up at record levels. Not only has investing in real estate seemed like a sucker’s bet, this investment also comes with considerable tax breaks. That’s why more people have been investing in real estate.
As far as what to invest in, some go for income producing properties, others retirement homes. According to a study by the National Association of Realtors, between 1992 and 2002, annual sales of second homes grew by 36 percent. American Demographics Magazine forecasts that the market will grow nearly 50 percent by 2010.
|“But in this world, nothing is certain
but death and
-- ”Benjamin Franklin, 1789
Paying taxes is part of being an American — life, liberty, the pursuit of happiness and the need for government taxation. The government is kind to homeowners, giving mortgage-yielding citizens tax deductions that are not available to renters. If you own a home or are thinking about buying or selling, there are pages of deductions
|Gateway to new Playa Vista
5826 - 6826 S Centinela Ave - Culver City, CA
|INVESTORS LIKED COMMERCIAL PROPERTIES
Offices, shopping centers, industrial buildings and
apartments were all hot ticket properties around Los Angeles in 2004.
Investment dollars, inspired by continued low interest rates, and a
growing perception of property as a safe alternative to the stock market,
piloted the commercial property investment market to new heights last
|WEST SIDE COMMERCIAL|
|Great Room Retail in West L.A. + Sign Income|
|Downtown Santa Monica - Amazing Location!|
|521 Montana Ave in Santa Monica|
|963 N Wilton Pl, Los Angeles|
|Shopping Mall Adjacent Commercial Property|
|shopping Center With A View|
LUCKY HOMEOWNERS - THE IRS HAS UNITED SECTION 121
AND THE 1031 EXCHANGE
|Starry Starry Night by day
Venice - March 2005
|SURVEY SAYS - SANTA MONICA RESIDENTS
BOTHERED BY HOMELESSNESS
|The recent survey
by Goodwin Simon Strategic Research found that 45 percent of the 400
residents polled in the City of Santa Monica named homelessness as the top
issue facing the city.
The 2005 statistic of 45 percent being bothered by homelessness is up from 33 percent three years ago. Santa Monica residents felt far stronger about homelessness than traffic, which was cited by 25 percent of the respondents (up from 18 percent in 2002), and