Repercussions if Real Estate Mortgage Deductions are Eliminated

Mortgage Interest Deduction (MID) Facts: Approximately 51 of the 75 million owner-occupied homes in the U.S. in 2009 had a mortgage $470 billion was deducted for mortgage interest in 2008 Total tax savings from MID in the U.S. was $117 billion Real Estate Tax Deduction Facts:http://rcm.amazon.com/e/cm?t=debhalsey&o=1&p=8&l=bpl&asins=0470445483&fc1=000000&IS2=1&lt1=_blank&m=amazon&lc1=0000FF&bc1=000000&bg1=FFFFFF&f=ifr A total of $172 billion was deducted for real…

Sell a House – Throw a Party

458 Thunderbowl Lane – Aspen Highlands, CO $15,700,000 *est. monthly payment: $71,314.30 http://oasc05139.247realmedia.com/RealMedia/ads/adstream_sx.ads/www.homes.com/content/listing.cfm/co/166073754@Middle1!Middle1?page=/content/listing.cfm&statefix=co&city=aspen&state=co&zip=81611&officeid=1508114&status=for-sale&listingtype=new-home&propertytype=residential&sourceid=542&_rm_html_fzip_=81611&_rm_html_fcity_=aspen&_rm_html_fstate_=coCheck Your 2011 Credit Score 5 br, 5 ba, 3-½ ba 9310 sq. ft. Built in: 2010 Visiting family in Aspen during the Christmas/New Year holidays, and while enjoying a cup of coffee – a fellow (the listing broker) knocks on the door….

Double Dip?

It surely seems as though this is where we are heading with the real estate market: Here’s the brief version: Home prices in major metropolitan areas fell 1.3% from September to October Many economists believe that the gains from Spring 2009 will be wiped out by declines in 2010 Unemployment rose to 9.8% last month…

And this is what is really sad about our country at the moment….

I just had to re-blog this pathetic attitude that seems to be pervasive in our country. Everyone is entitled to believe in their personal choices, but when someone like NPR’s Nina Totenberg, to the Washington Insider, blasts off with an apology for using the term Christmas Party, we should all speak up about it. How…

A Little Sliver of Happiness at Christmas

I am fortunate to be visiting family in Aspen this Christmas, where the tradition of various shrines  on Ajax mountain has been allowed to live for as many years as I can remember (you will never find these in a travel guide to Aspen – the are hidden treasures)….there is the Gerry Garcia shrine, the…

November Report Card

          November, 2010 William Raveis Real Estate Address Bedrooms List Price Sale Price Market Time (Days) 215 BYRAM SHORE RD 5 16,750,000 16,310,000 29 51 CARRIGLEA DR 3 4,950,000 4,300,000 43 37 SKYRIDGE RD 8 4,350,000 4,250,000 24 20 DINGLETOWN RD 5 3,650,000 3,600,000 156 29 CRESCENT RD 6 3,790,000 3,375,000…

C’est Magnifique!

Versailles is one of Greenwich’s treasured restaurants….but it’s more than that – It’s a bakery, It’s a pastry shop, It’s a superb breakfast spot, It’s a fantastic lunch place, and the new owners have expanded the menu to include dinner and wine. When you start to feel nostalgic about your last trip to Paris, and…