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Typically, a resale formula will allow part-owners to benefit from the appreciation of property in line with general wage increases, while avoiding hikes due to property speculation.
Griff Rhys Jones is not representative of those who would fall under a property tax: many who are asset-rich, due to the appreciation of property values, but cash-poor will be forced to sell up.
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I have a simple idea -- invent a more direct way for taxpayers and individuals to participate in the value appreciation of properties and urban developments that benefit from tax incentives and other government-based incentives.
The investing public will also benefit from appreciation of the property — a new streetcar line that will run down H Street is expected to accelerate a revival already under way and bolster real estate values.
For those still interested in foreign real estate, it is best to go where the dollar is a strong currency or the conditions provide a positive cash flow in the local currency and appreciation of real property values, hopefully in a market that is not overheated.
Ideally, the agreed-upon price should be at least at fair market value and maybe slightly more (especially for lease terms of 1 year or more) to compensate for the convenience to the buyer and for the likely appreciation of the property over the term.
That's all there is to it – the means of presentation (and the appreciation of their properties in the first place).
In this way, love involves finding one's beloved to be valuable in a way that involves elements of both appraisal (insofar as one must thereby be responsive to valuable properties one's beloved really has) and bestowal (insofar as through one's attention and committed appreciation of these properties they come to have special significance for one).
Appreciation of some commercial property values in Newark outpaced that of office space in Midtown Manhattan, which doubled over the last decade, said Robert Von Ancken, chairman of Landauer Valuation and Advisory.
Or a landlord may want to cash in on the appreciation of a rental property rather than accumulating money through rent.
In the Netherlands, a slowdown in the rate of property appreciation from 20% a year in 2000 to zero in 2003 sent consumption plummeting and the economy into recession.
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Justyna Jupowicz-Kozak
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