Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Milton J. Valencia and Tim Logan Globe Staff January 14, 2019 In the thick of an affordable housing crisis that has taken hold across Greater Boston, city councilors have proposed levying fees on high-end real estate deals to help pay for more housing — part of a bold and controversial movement across the region to tax developers who have been profiting off of a historic building boom.The proposal would set a tax of up to 6 percent on many commercial and residential sales over $2 million and establish a “flipping” tax of up to 25 percent on some properties that are sold twice within two years. It’s a bid to stem speculation and profiteering in Boston’s red-hot real estate market, the councilors say, and could raise anywhere from $175 million to $350 million a year. “We are in a crisis,” said City Councilor Lydia Edwards, the … [Read more...] about Amid housing crunch, city officials propose new real estate taxes on ‘flipping’ and sales over $2 million
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Savills believes the real estate market will continue to remain robust, despite the demise of the Trans-Pacific Partnership (TPP). In its place, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will become an important driver for continued investment in all sectors of the economy, especially in real estate. By Neil MacGregor Managing director, Savills Vietnam According to the Ministry of Industry and Trade, the CPTPP will have a comprehensive and positive impact on Vietnam’s investment and trade as a whole, with garments, footwear, food and beverage sectors to be the biggest beneficiaries, as the majority of import tax rates for these sectors’ products will be reduced to 0 per cent when the deal takes effect. Despite the failure of the TPP negotiations, investor confidence has been bolstered by the finalisation of the EU-Vietnam Free Trade Agreement (EVFTA). The upcoming Regional Comprehensive Economic Partnership (RCEP) will … [Read more...] about CPTPP deal will prompt interest in real estate
Karen Dybis Free Press special writer Published 6:10 AM EST Dec 26, 2018 Jefferson Oaks features the best in real estate: Upgraded trim, large windows, second-floor laundry and more in its apartments and townhomes. Add the fact that this is newly constructed affordable housing in Oak Park, and you can understand why 2,300 people were interested in the property’s 60 units. Across town, South Oakland Shelter is getting ready to break ground on Coolidge Place, a 64-unit ranch-style apartment and townhouse development on Coolidge Highway, north of 8 Mile Road. SOS promises the affordable-housing development will be high quality with green spaces and a community center. The need for affordable housing in Oakland County, including the southeast corridor, is at a critical point, according to developers, nonprofits and housing experts. Groups such as SOS and Community Housing Network, the Troy-based nonprofit behind the $17.5 million Jefferson Oaks, say … [Read more...] about New housing in southeast Oakland County that you can afford to live in
Susan Tompor Detroit Free Press Published 6:00 AM EDT Oct 24, 2018 Wanna hear of an eerie impulse buy? I sort of hate to admit this one. But earlier this year, I bought two grave sites — one cemetery plot for me and another for my husband. Total price: $2,790. Why spend that kind of money before you're dead? Or before you're expecting to die? Good question. After all, you could live a little and go on a cruise for that kind of cash. Why indeed. Whether we like it or not, many of us may be thinking more about death these days. All the deeply disturbing news about the mishandling of human remains at a some funeral homes in Detroit makes us think twice about what could go wrong. Read more: And many of us, frankly, are curious when we spot headlines — often around Halloween — proclaiming: "Forget stocks, invest in cemetery plots." The theory is that grave prices are only going up, not down. Demographics mean many … [Read more...] about Buying a cemetery plot isn’t like investing in real estate deals
Laura McCamy, provided by Published 9:01 am PDT, Friday, August 31, 2018 Cohousing communities are residential living arrangements organized around common space, shared meals, and group activities. Cohousing communities are residential living arrangements organized around common space, shared meals, and group activities. Photo: Getty Images Communes were once a hallmark of the hippie lifestyle associated with the Bay Area and rest of Northern California and now they are making a comeback and appealing to more than just hippies and techies.Click ahead to learn more about SF Bay Area co-living spaces. >>> less Communes were once a hallmark of the hippie lifestyle associated with the Bay Area and rest of Northern California and now they are making a comeback and appealing to more than just hippies and techies. Click ... more The Center in SF is a coliving space in the Bay Area that also hosts … [Read more...] about I’ve lived in cohousing — a neighborhood based on Danish principles of community living — for 14 years. Here’s why I never want to live elsewhere.