Newsflash: How will the Republican tax bill affect home values? [CA]

Sorry if this has been discussed, but does anyone have any educated guesses on how the tax bill — if it passes the Senate and presumably is then signed by Trump — will affect real estate markets? I’m particularly interested in the Bay Area (California) where my mother will be selling her house in the next year or two. But I’d appreciate any general insights.Thanks.

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Newsflash: Advice on rental home security deposit (for the tenant)

Does anyone have advice on disputing security deposit charges? I just completed my lease on a rental home and am waiting on getting my security deposits back. The deposits consisted of one month’s rent of $1,400 and a pet deposit of $700 but half is refundable. I want to discuss with my landlord what we are going to be charged for but she just says she is going to send out our check before 30 days. Questions I have are as follows:As the tenant, do I have to right to dispute/discuss what we are going to be charged? If so, what is the route to take when disputing charges?Even though I deposited $2,100 total, only $1,750 is technically refundable (it was stated in contract that half of pet deposit is refundable). Will the landlord start deducting from the total of $2,100 or just the refundable portion of $1,750?Thank you to those who respond in advanceEDIT: I live in Texas

Read more at https://www.reddit.com/r/RealEstate/comments/7edlzz/advice_on_rental_home_security_deposit_for_the/?utm_source=ifttt

Newsflash: How many years until I can “Buy my Lamborghini”?

I’m currently a second year college student studying Computer Science. I’ll be graduating in 2020 which is when I plan on buying my first rental property. My plan is to work full time at whatever job my Computer Science degree gets me while owning and buying properties.I plan on buying properties cash (maybe 1 every year or two). And buying properties using leverage (maybe 1 every two years or as many as banks allow me to).In order to prepare for that I’m saving money now. I won’t have any debt when I graduate and I have a goal of graduating with $40,000 saved. I’m building my credit score. It’s at a score of 783 with 5 credit cards that have no debt. I’m also doing lots of reading, watching YouTube videos and listening to podcasts. I also just got my real estate license and do lots of market research on my area (Springfield, Ma: population 150,000, houses range from 150-200K)So let’s say I’m starting at the age of 22, no experience with real estate, no connections, $40,000 cash, a high credit score and a real estate license. If I play my cards right how many years on average would it take for me to truly start making money and become self sufficient?

Read more at https://www.reddit.com/r/RealEstate/comments/7edq2f/how_many_years_until_i_can_buy_my_lamborghini/?utm_source=ifttt

Newsflash: Borrowing money to improve a home, hoping to eliminate mortgage insurance.

Sort of a multi part question; here’s a bit of background info. I’m currently paying mortgage insurance with a USDA rural development loan (~$80/mo). I’m making significantly more now than when I bought the home a year ago. I’ve been considering building a garage with the intent of getting my home re appraised after, which would likely put it out of the “mortgage insurance equity range” (and because I just want one).I guess firstly, is something likely going to be in the fine print of my mortgage that obligates me to disclose that I’ve borrowed money to improve the house/ increase its value? Secondly, If I initially finance this with savings/ personal loan/ cash advance/ etc. would I be able to go back after the appraisal and take out a home equity loan (and not have mortgage insurance)?I have great credit and some savings, so short term I’m not worried about putting $30-$40k together to make the project happen. Long term, I’m sort of counting on the elimination of the $80 mortgage insurance to help pay this off, and in my head, this is working out with home equity loan rates, not cash advance rates.

Read more at https://www.reddit.com/r/RealEstate/comments/7edoea/borrowing_money_to_improve_a_home_hoping_to/?utm_source=ifttt

New Story Just Out: Popular Surgery To Ease Chronic Shoulder Pain Called Into Question

Yet another interesting headline in the world of health and well-being. Popular Surgery To Ease Chronic Shoulder Pain Called Into Question
U.K. scientists say arthroscopic surgery to remove bone spurs or bits of ragged tissue in sore shoulders offered no more pain relief than than sham surgery in their randomized test.

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New Story Just Out: Dog Owners Have Lower Risk Of Cardiovascular Disease, Swedish Data Suggests

Yet another interesting headline in the world of health and well-being. Dog Owners Have Lower Risk Of Cardiovascular Disease, Swedish Data Suggests
Researchers looked at hospital visits in Sweden’s public health care system, and checked them against dog registration records. They found dog owners had lower rates of heart disease.

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New Story Just Out: Scientists Glimpse Houston’s Flooded Future In Updated Rainfall Data

Yet another interesting headline in the world of health and well-being. Scientists Glimpse Houston’s Flooded Future In Updated Rainfall Data
Hurricane Harvey’s deluge left some homeowners and politicians wondering whether the whole system for predicting floods is any good. Scientists are hoping better data can lead to better flood maps.

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Newsflash: Cheap in/around Detroit houses? Worth it for vacation property?

So for those of us who are new, do people ever make money off these low cost houses in/around detroit? What is the real estate market like as for taxes? I’m from Canada and looking for an affordable house down south and actually have alot of friends around detroit (ann arbor) $100,000 for a house that’s worth $400,000+ up here seems like an obvious steal.

Read more at https://www.reddit.com/r/RealEstate/comments/7ec3vc/cheap_inaround_detroit_houses_worth_it_for/?utm_source=ifttt

New Story Just Out: Greece Was Hit By Storm Some Called A ‘Medicane.’ What’s That?

Yet another interesting headline in the world of health and well-being. Greece Was Hit By Storm Some Called A ‘Medicane.’ What’s That?
European weather sites posted imagery showing the swirling wind patterns and a waterspout over the Mediterranean. The low pressure system shared characteristics of tropical cyclones.

Read the full story here