Money and Finance
60 Minutes in Cleveland: There goes the neighborhood
An interesting "60 Minutes" segment from a couple of weeks ago. I have a cousin who has bought some houses as rental properties in the general area as this story and I talked to her this week. A good follow-up segment to this story would be the tax assessments on the properties for those still living in these areas. Housing are being torn down and labeled as worthless and yet taxes are going up from already too high tax values. One example my cousin gave me was of a recent letter she got on a house that she paid about $18,000 for a couple of years ago that still has a tax value of over $140,000 and the letter stated that taxes will be going up again next year. I don't know what it all means, but I thought it was worth noting.
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Links
Catching up on news and links while doing a bit of traveling... Tim Ferriss has worked with John Robinson, who narrated a previous selection of Seneca's letters, to do a more complete version of the letters. The early Amazon reviews are a bit...
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John Mauldin: Tax That Other Guy
Last week's letter on taxes drew more response than any letter I have written in years. Questions that were raised simply beg for an answer, and some of the replies were very thoughtful, well-written suggestions for alternatives. This week I am going...
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Weekly Roundup - January 16, 2016
Quick round up this week. The markets sure are in a sour mood to start off the year. After being down about 6% through the first 5 trading days of the year the S&P 500 is now down 8% year to date. If only I had some cash ready. Luckily though...
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Another Rental Propportunity
One of my goals for this year was to purchase a rental property to further diversify my passive, well semi-passive, income sources. After the first quarter of the year I figured it probably wouldn't be a realistic option because there's a lot...
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Snh - Senior Housing Properties - Added To My Watch List
I was reading my fellow investors blogs and noticed this stock on My Dividend Pipeline watch list. SNH - Senior Housing Properties. What I like/dislike about this stock 1. it's a REIT and gives a nice yield of 6.5%. 2. This company owns...
Money and Finance