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People borrow more to buy property than they otherwise would, raising house prices and encouraging over-investment in real estate instead of in assets that create wealth.
Get tax advice, as it could potentially trigger a Capital Gains Tax charge, and beware that you may regret backing on to a huge housing estate instead of green grass.
"Maybe if I had spent more time buying real estate instead of taking photographs or editing text, I would be a rich man," said Mr. Fisk at the Down the Shore offices in Harvey Cedars.
Also, many wealthy investors are putting their money in real estate instead of the stock market, and that has eaten into state tax collections because the average length of a real estate holding is eight years, compared with eight months for a stock transaction.
While the apartment market in New York has gained strength recently as a result of lower mortgage rates, pent-up demand for housing and a desire to invest in real estate instead of the stock market, the office space market in the city is reeling.
Beware, too, of leaving an IRA to an estate instead of a named heir.
Similar(51)
When Gaunt himself died early in 1399, Richard confiscated his estates instead of allowing his son to claim them.
You can even go further and say, "If my brother, James Doe, doesn't survive me, then I'm leaving the residue of my estate instead to my parents".
The Crown Estate Act of 1961, allows the Society to lease its land, instead of occupying it by royal permission.
Australians buy real estate instead, and are facing the end of an 18-month boom, touched off when the government began giving first-time home buyers a $4,300 tax rebate as an election-year incentive.
Conwy council says ownership transferred to the Crown Estate instead.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com