Realtor: 'Mansion tax' hurting real estate market, local economy

A realtor says that the so-called “mansion tax” could be hurting the real estate market as well as the local economy. According to New York state tax law, a home is considered a mansion if it's priced at or more than $1 million. If it's over that price, the state can hit someone with a 1 percent property tax
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Marshside fought back from falling behind early on to beat Temple Fortune and move up to second spot with a 2-1 win. Robert Botkai put Fortune ahead, but goals from Mark Davies and Andrew Cohen, together with Marshside goalkeeper Nick Nathan doing his bit by saving a penalty, secured the Essex
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Welch to lead Freddie Mac's diversity and inclusion strategy for its workforce and supplier diversity programs, as Chief Diversity Officer. The post Freddie Mac Appoints Jacqueline Welch as CDO and HRDI Head appeared first on theMReport.com. Via:: Freddie Mac Appoints Jacqueline Welch as CDO
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Paul di Resta admitted to feeling dizzy after his first run around the Daytona International Speedway, but the Scot soon acclimatised himself to the circuit, and found the ROAR before the 24 an enjoyable experience. The thirty-one-year-old will share the driving duties in the #32 United Autosports Ligier
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Dave Green recently was named vice president of Priority One Mortgage for Priority One Bank. Green, who graduated from Corinth High School attended the University of Southern Miss and Union University. He has 24 years of mortgage and banking experience. PriorityOne Mortgage is a division of
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Arlington Asset Investment logo JPMorgan Chase & Co. lowered its stake in Arlington Asset Investment Corp (NYSE:AI) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,025 shares of the financial services provider's stock after
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Analysts warn that despite the optimism, Singapore's en bloc fever and rising land prices could lead to the property market's instability. Firstly, the intense competition for en bloc deals has driven land prices higher. According to RHB Research, bids are factoring in a 10-40% appreciation in property
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Carillion's directors were making a final rescue appeal to its lending banks on Sunday night after the government refused to rescue the struggling construction and services company, Sky News reported. Emergency talks on Sunday concluded with John Manzoni, the permanent secretary at Britain's
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According to Zacks, “Two Harbors Investment Corp is a Real Estate Investment Trust that focuses on investing in, financing and managing residential mortgage-backed securities and mortgage loans. Its objective is to provide risk-adjusted returns to investors through dividends and capital appreciation.
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The document said if done right, blockchain could become the “plumbing” for all transaction-based systems, including those for government services, heath records and real estate. Looking at the impact of demographic shifts, CSIS said millennials will be the architects of much of this social, political and
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… Embrace Home Loans and will hold the title of CEO and President. Al Dussinger, Embrace's CTO for 22 years, has been appointed to Chief Operating Officer. Dussinger's commonsense approach to business, knowledge of mortgages, entrepreneurial skills, and his ability to design and navigate digital
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Are you a young banking professional in Hong Kong looking to enter a job function in which junior salaries are rising, not stagnating? Your choices are limited. We looked through the new Hong Kong salary survey from recruiters Robert Walters to find out how 2018 base salaries (we averaged out the
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The National Association of Home Builders (NAHB) will release its Housing Market Index Report on Wednesday, January 17, at 10 a.m. ET. The report provides an outlook for the housing market as well as homebuyer and seller trends. The report is based on a survey in which NAHB members are asked
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Khaled Badawi, CEO of NCB Capital, the National Bank of Egypt's investment arm, has been chosen as the successor to Ashraf Sharkawy as the minister of public sector affairs on Sunday. Badawi served as the chief executive officer of NCB Capital in May 2016 to date and has great experience in the
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Current debates about stock valuations resemble the arcane meditations of medieval monks. But the real drivers are more mundane. Traders, weaned on tales of financial derring-do like “The Big Short,” want to be the ones who profit from the next crash. The problem is that it may be easier to predict the
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After a strong performance in 2017, the Hong Kong economy is projected to ease up in 2018, led by slower consumption growth as the housing market softens, higher interest rates and a rise in external uncertainties. Most analysts The Straits Times contacted estimated that Hong Kong's gross domestic
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Palestinians will “slap back” for the humiliation they've suffered from the Trump administration and seek to replace the U.S. with other international players in future peace negotiations with Israel, Palestinian Authority President Mahmoud Abbas said. Mahmoud Abbas speaks on Jan. 14. Photographer:
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North Columbia has been seeing some growth recently, prompted in part by a city streetscaping project that has revitalized the appearance of a stretch of North Main Street closest to the hot downtown real estate market. Retail businesses including restaurants and shops have been opening in the wake
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The China Banking Regulatory Commission announced a new crackdown on shadow banking, China Securities Journal reported. The document, called To Further Regulate the Market Chaos in the Banking Sector, has pointed out key areas of rectification, including using off-balance-sheet funds to
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When shopping in Japan, a phrase you'll hear all the time is “Do you have a point card?” And the most common is the T-card, which can be used at hundreds of thousands of shops nationwide, from car accessory dealers to convenience stores. Half of Japan uses a T-card regularly, and the system
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