After years of recognizing Indigenous lands, some Canadian homeowners might face eviction soon
Indigenous Land Title Case in Richmond, B.C. Advocates for postcolonial theory have long expressed their support for recognizing Indigenous histories and rights. Recently, a significant court ruling may force residents of Richmond, British Columbia, to confront the reality that their land claims are no longer valid. On August 7, a judge’s ruling indicated that the […]
La Niña expected to cause a busy conclusion to hurricane season — here’s how homeowners should get ready
Homeowners are feeling a bit overwhelmed lately. With hurricane season in full swing, there’s also a need to brace for potential storms ahead. Recently, NOAA’s Climate Prediction Center announced that “La Niña conditions have emerged in September,” which could influence not only the current hurricane season but also impact the weather system as we transition […]
Deputies capture large 6-foot alligator in homeowner’s yard and put it in their vehicle.
So, here’s a wild story from Florida! A video making the rounds shows deputies wrangling a feisty crocodile right in someone’s yard. The Lake County Sheriff’s Office responded to a call about a 6-foot alligator lurking by a front door, and, well, you can guess the rest. The giant creature tried to evade capture, darting […]
New IRS Retirement Regulations May Impact Homeowners’ Savings Due to SECURE 2.0 Act
Understanding financial situations has always been, well, crucial for retirees, especially those who own homes. With new regulations like the Hidden Stock Tax and the New Senior Deduction, there’s a lot to keep track of. For those nearing retirement in the next few years, these adjustments could significantly impact how they save. Future retirees, particularly […]
A map showing property tax amounts homeowners pay in each U.S. state
Property Tax Concerns Rise Among Homeowners Property taxes, while not typically the largest portion of monthly housing costs, are becoming a source of stress for many homeowners. Since 2019, property taxes have increased by 27.4%, which might explain why a significant 67% of homeowners who account for taxes reported that their bills exceeded their expectations […]
Homeowners face financial difficulties leading to an increase in foreclosures
Increase in Foreclosures Across the US Foreclosure rates are climbing again in the United States, putting many homeowners in precarious situations. According to recent data from Attom, a prominent real estate analytics firm, there were 35,697 properties with foreclosure filings in August, encompassing default notices, scheduled auctions, and bank foreclosures. This marks a slight 1% […]
Homeowners face equity losses as inflation surpasses price increases.
Affordability Concerns in Housing Market The panelists on the “Big Money Show” have raised alarms about the growing issues of housing affordability. They’re suggesting that factors like Biden’s regulations, rising inflation, and immigration surges are intensifying the narrowing supply, which could jeopardize Americans’ dreams of homeownership unless decisive action is taken. Home prices do enhance […]
Liz Weston: Homeowners lose step-up tax basis if they are not married
Dear Liz: I co-own a house with my long-term boyfriend. If one of us passes away, how does the capital gains step-up impact the surviving partner? Answer: The deceased partner’s share of the home gets a new tax basis, while the survivor’s Portion remains unchanged. A tax basis is crucial for figuring out how much […]
New initiative to support certain Cincinnati homeowners facing property tax debt relief.
Cincinnati Property Tax Relief Initiative Cincinnati – Assistance may be on the way for families and homeowners burdened by unpaid property taxes, potentially arriving in the form of a letter in your mailbox. Mayor Aftab Pureval, alongside Hamilton County Treasurer Jill Schiller and local housing advocates, introduced a new initiative early Monday morning: the Property […]
Suffolk officials advocate for stronger measures against ‘fire chasers’ who allegedly exploit homeowners in distress.
Suffolk County Moves to Regulate “Fire Fighters” Legislators in Suffolk are looking to curb the actions of what they call “fire fighters.” This term refers to private board-up crews that are accused of taking advantage of families in distress by encouraging them to sign expensive contracts right after a traumatic fire. According to both officials […]