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Big Apple Tax Changes Could Impact Investors

first_imgHome / Daily Dose / Big Apple Tax Changes Could Impact Investors The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. New York City is considering changes to its property tax guidelines, and according to New York Times, the proposed changes could have positive and negative impacts on investors and residents alike. The city’s proposal is likely to affect 90% of homeowners in the city, from low-income homeowners to large-scale investors and property owners.According to NYT, single-family homeowners in parts of Queens, Staten Island and the Bronx are likely to see lower taxes under the new bill. Additionally, low-income homeowners citywide could qualify for a “partial homestead exemption,” limiting tax bills to certain percentages of household income.Higher priced homes, including luxury condos, are likely to be taxed more, as well as out-of-town homeowners.“People who own a pied-à-terre in Manhattan will be paying more,” said James A. Parrott, director of economic and fiscal policies at the Center for New York City Affairs at the New School and member of the commission that drafted the bill.Outside of New York City, changes to tax foreclosure laws in the state are likely to increase the number of foreclosed properties compared to prior years. The Oswego County News reports that county officials could have more than triple the number of foreclosure in 2020 as previous years as new measure cuts the foreclosure process in half.Statewide, however, ATTOM revealed that foreclosure starts in New York were down 28% in 2019. Foreclosure starts across the nation fell 9% last year. Buffalo, New York—roughly 150 miles west of Oswego—saw an annual increase in REOs with its share rising 16% last year. Honolulu, Hawaii, reported a 34% increase in REO properties.“The continued decline in distressed properties is one of many signs pointing to a much-improved housing market compared to the bad old days of the Great Recession,” said Todd Teta, Chief Product Officer for ATTOM Data Solutions. “That said, there is some reason for concern about the potential for a change in the wrong direction, given that residential foreclosure starts increased in about a third of the nation’s metro housing markets in 2019. Nationally, the number also ticked up a bit in December. While that’s not a major worry, it’s something that should be watched closely in 2020.” Big Apple Tax Changes Could Impact Investors Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img Tagged with: Investment Rental SIngle-family Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago February 7, 2020 744 Views Previous: PennyMac Reports Mortgage Finance Performance Next: OCC Testing Financial Institution Risk and Capital  Print This Post in Daily Dose, Featured, Investment, News Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Investment Rental SIngle-family 2020-02-07 Seth Welborn Subscribelast_img read more

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Third-string quarterback Jack Sears impresses in Trojan debut

first_imgRedshirt freshman Jack Sears looks for receivers against Arizona State on Saturday at the Coliseum. (Ling Luo | Daily Trojan)The life of any backup quarterback is generally filled with uncertainty. The competitions during summer and fall camp practices, the struggles to develop chemistry with receivers and backs due to limited practice time, the time spent relaying calls and encouraging teammates from the sideline, waiting for an opportunity to make their own mark.For redshirt freshman Jack Sears, the one thing he could feel certain about was his own playing ability. When he finally got his chance to take the field on Saturday against Arizona State, he made sure audiences knew that he had what it takes to play at the collegiate level.“It’s been a while since I’ve been in a game setting,” Sears said. “We did our best in fall camp and my entire time here.”Despite playing in a losing effort, Sears showed flashes of brilliance and the capacity to lead a football team.“I felt comfortable in the second half and guys never stopped believing in me,” Sears said. “It was fun to rally with them and keep competing. We fought to the very end.”On the day, Sears went 20-of-28 passing for 235 yards with two touchdowns. Additionally, Sears was a factor on the ground, participating in a number of designed roll-outs, options and runs, including a 22-yard burst to set up a touchdown drive at the end of the first half. Sears was not the most statistically impressive passer on the roster on Saturday — that title went to redshirt sophomore wideout Tyler Vaughns, who threw a 36-yard touchdown to junior receiver Michael Pittman in the third quarter. However, Sears was capable of producing when called upon for the USC offense.In fact, out of qualifying passers, Sears finished fourth among Pac-12 quarterbacks in terms of passer grade, according to PFF College. Finishing ahead of talented signal callers such as Stanford’s K.J. Costello, Utah’s Tyler Huntley and Arizona State’s Manny Wilkins, Sears clearly stood out compared to the expectations most would have of a backup quarterback.The most impressive factor of Sears’ performance, however, was his ability to lead the Trojans back from a daunting deficit. With just under two minutes left in the first half, USC trailed the Sun Devils by 17 points and had yet to show any life on the offensive side of the ball. Aside from a brilliant Vaughns punt return for a touchdown following Arizona State’s first drive, USC had been shut out. Yet, Sears was able to drive his team 90 yards down the field to cut the deficit to 10 by halftime. Coming out of the break, Sears again carved through the Sun Devils’ secondary to bring USC within 3 points, and 25 seconds later, USC took the lead.While the defense and special teams would falter and the Trojans would go on to fall for the first time at home since 2015, Sears made sure to leave a lasting good impression with a 48-yard heave for a touchdown to Vaughns in Sears’ last play from scrimmage.From the perspective of head coach Clay Helton, this type of performance was anything but out of the ordinary for the San Clemente native. “[Sears] practices like a starter, and today he played like a starter,” Helton said after the game.Helton continued to shower the redshirt freshman in praise for his performance.“I thought [Sears] did a tremendous job,” Helton said. However, Sears does not have a particularly clear path to playing time. With presumptive starter JT Daniels cleared to resume practicing following a concussion suffered on Oct. 20 at Utah, Sears will likely serve in a backup role once again this weekend when the team travels to Oregon State.This should not spell the end of Sears’ chances to contribute moving forward. Sears and Daniels both have freshman eligibility and considering how tumultuous the season has been, it is unlikely that a week-to-week starter is guaranteed, let alone one from year-to-year. Additionally, should Daniels show further health concerns, it is possible that Sears could once again get the nod over Fink.It wasn’t long ago that a San Clemente quarterback took a loss in his first start as a Trojan.While Jack Sears may not have performed as well as former USC quarterback Sam Darnold, he certainly showed enough on Saturday to make it clear that he is capable of being an effective starter when called upon for USC.“I love these guys; I’ve been with them for over two years,” Sears said of his teammates. “I believe in what [Helton is] doing here. Every down, every play, no matter what’s going on. I love this university.”last_img read more

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Habitat for Humanity ReStore demolished ahead of holiday parade

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich — A community staple went up in smoke earlier this month. The Habitat for Humanity re–store burned to the ground on November 3, leaving nothing but rubble and charred remains behind. What was left of the building has been demolished and the place where it once stood will soon consist of open space and memories.The Bedrock Company began tearing the charred building down around 8 a.m. Friday morning. Travis O’Cconnor of Bedrock Contracting, says the process has been an emotional one, but he’s optimistic to see something new come along.“It’s sad, but I think we’ll see good growth come from it as well. We only can keep so many buildings in this town, old or new and it’s always sad to see them go but it’s cool to see the city change at the same time.”AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: demolition, fire, Habitat for Humanity, SmokeContinue ReadingPrevious Fifth Ave. to close this FridayNext USPS expects to deliver 20 million packages per day for 2019 holiday seasonlast_img read more

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PRESS STATEMENT: Ghana FA warns football clubs engaging in friendlies

first_imgIt has come to the notice of the GFA that some clubs are engaged in off-season matches without sanction by the FA which is in clear contravention of Article 6 of the GFA Regulations. To this end, we wish to request all clubs affiliated to the GFA to respect the provisions made in the Regulation with regard to off-season matches or face sanction under Article 7(3) of the Regulations. Under the circumstances thereof, the Referees Committee of the GFA is hereby directed to take note of Article 19(1) of the Regulations and also refrain from appointing Match officials for off-season matches without prior approval and consent of the FA.last_img read more

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Struggling Midget Reps drop game to Nakusp

first_imgBy The Nelson Daily SportsIt’s been a tough go for the Nelson/Castlegar Midget Reps.The combined team of players from the Heritage and Sunflower Cities has struggled to win any games this season on the Minor Hockey Midget Rep circuit.The latest setback came Saturday when Nakusp put a 9-2 shellacking on the Reps. The loss came on the heels of two previous setbacks to Nakusp, 3-1 and 9-4.The Reps have a 0-10-1 record to start the season.Leading the team offensively is Grant Matthews of Castlegar with 13 points. Second is Joseph Gauthier of Castlegar with 10 points, including five goals. John Katountas of Nelson is next with eight points followed by Colton Steeds of Castlegar and Colton Dawson of Nelson, each with seven points.The Castlegar and Nelson Associations needed to combine forces due to a decline in numbers at the Midget Rep level and the Kootenay Ice Major Midget team taking all of the top players in the zone to play in the B.C. Hockey League.The Reps travel to the Okanagan this weekend for a tournament in Winfield. [email protected]last_img read more

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Kanesatake community at odds with council

first_imgAPTN National NewsA public meeting was planned for Wednesday night in Kanesatake to discuss the current council.A referendum was held last month asking people whether they supported the grand chief or an opposition group of chiefs.That referendum didn’t seem to accomplish much.APTN’s Danielle Rochette has the story.last_img

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Jamaicans Urged Not To Relax Against The Mosquito

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppKINGSTON, Aug. 4 (JIS): The Ministry of Health is urging members of the public to take precautionary measures to prevent vector borne diseases by adopting several simple practices to reduce the mosquito population.Due to the drought conditions being experienced across the island, the widespread use of water storage containers act as breeding sites that have the potential to increase the mosquito population. Health Minister, Hon. Dr. Fenton Ferguson, says vector borne diseases are on the rise globally, which puts Jamaica at risk.“The prevalence of vector borne diseases has been on the rise, with estimates indicating that the number of cases of dengue, for example, has increased 30 fold over the last 50 years. This is of great concern because some of the diseases that now threaten the health of the region of the Americas, including Jamaica, are those which are transmitted in the same way as the Dengue virus,” he noted.The Aedes aegypti mosquito, which is commonly found in every parish across the island, is the vector through which Dengue, Malaria, Chikungunya, and the Zika viruses are transmitted.At a recent meeting with local government officials in Kingston, Dr. Ferguson said a national approach to vector management is needed to reduce the mosquito population.“Control strategies focusing on source reduction are crucial. These involve the removal of larval/pupal habitat from the environment, or targeting the immature stages of the mosquito,” he said. Dr. Ferguson outlined several measures to control and reduce the breeding of mosquitoes, such as preventing water from settling in shallow areas and in containers; and filling shallow depressions in the ground, where water may settle, with soil or sand. In the case of water storage containers, the Ministry recommends covering or punching holes in the containers. Cooking oil can also be poured on the surface of water in water storage containers to prevent mosquitoes from laying their eggs.Other measures include: regular cleaning of containers where water is stored to prevent mosquito larvae from maturing; and the proper disposal of containers. Persons are also encouraged to use Abate larvicide to prevent the breeding of mosquitoes.The Ministry is urging persons to protect themselves against infection of vector borne viruses by using insect repellents containing DEET, mosquito nets and destroyers. Screens should also be installed on windows and doors. Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:Aedes aegypti mosquito, Chikungunya, Dengue, Malaria, zika virus CANADIAN GOVERNMENT ADDS CARICOM NATIONS TO WATCH LIST Airliners spraying for Zika prevention; Zika impacting tourism arrivals Recommended for you MORE THAN PREGNANT WOMEN need to be concerned about Zikalast_img read more