Markets News 

The luxury real-estate market in Vietnam is heating up — and it’s luring foreign buyers in with ‘sky mansions’ at a fraction of what their cost would be in NYC or Hong Kong

“International buyers may be jumping to invest in Vietnam real estate, but wealthy locals are giving them competition” writes Katie Warren for businessinsider.com. Vietnam now has 142 people who are worth more than $30 million, according to a 2019 report from global real estate consultant Knight Frank.The newest hotspot for luxury real estate is Vietnam. Source: businessinsider.com

Read More
News 

Alicia Munnell: People need to use their home equity in retirement

“The one potential bright spot is housing equity, which is the major non-pension asset for most families in the U.S. and can be tapped to provide retirement income” writes Alicia H for marketwatch.com. Getting rid of the step-up in basis would improve the tax code, raise revenues, and eliminate the tax penalty for downsizing.The final income tax payment collects the tax on the long-deferred capital gains, and the estate tax limits how much money can be passed down to the next generation.The tax code works against the first option: downsizing.They…

Read More
News 

People need to use their home equity in retirement

“The one potential bright spot is housing equity, which is the major non-pension asset for most families in the U.S. and can be tapped to provide retirement income” writes Alicia H for marketwatch.com. Getting rid of the step-up in basis would improve the tax code, raise revenues, and eliminate the tax penalty for downsizing.The final income tax payment collects the tax on the long-deferred capital gains, and the estate tax limits how much money can be passed down to the next generation.The tax code works against the first option: downsizing.They…

Read More
Markets News 

Do Not Minimize Ragnarok: Serious Legal Threat, Part 2

“There are plenty of brokerage firms out there who charge low listing fees, such as Redfin, but offer full cooperating compensation” writes Rob Hahn for notorious-rob.com. Do not make the mistake of thinking that Cohen Milstein and Hagens Berman are like some of the real estate and personal injury lawyers you know.Watch this: His sin at Trelora was not offering enough in the way of cooperating compensation.Just look at commercial real estate as a comparison. Source: notorious-rob.com

Read More
News 

CEOs, investors, and entrepreneurs are among those named in the college admissions cheating scandal — here are the 22 business leaders who’ve been charged by the FBI

“Robert A. Flaxman: co-founder, CEO, and president of Crown Realty & Development Inc., which is headquartered in Costa Mesa, California. 9” writes Katie Warren for businessinsider.com. Robert Zangrillo: founder, chairman, and CEO of Dragon Global, a private investment company focused on venture capital and real estate investments.CEOs and executives in finance, real estate, and other industries are among the dozens indicted by the FBI in an alleged scheme to get students into elite colleges.John Wilson: founder and CEO of a private equity and real estate development firm. 22.Gamal Abdelaziz: former…

Read More
News 

Want to lower your tax rate? Consider these 3 things

“At the end of 2025, most of the favorable 2017 tax rate changes will expire” writes Adam Grossman for marketwatch.com. Where you do have more control, however, is with your tax rate once you’re retired.But keep in mind that, historically, estate tax rates have seen more frequent and more significant changes than income-tax rates.Unless Congress acts to prevent it, personal tax rates will revert to 2017’s levels. Source: marketwatch.com

Read More
News 

Dubai Real Estate Giant Emaar to Launch ETH Token, Considers ICO in Europe

“Emaar is the largest real estate company in the United Arab Emirates (UAE), responsible for the Burj Khalifa, Dubai Fountain, Dubai Mall and Dubai Opera” writes Adrian Zmudzinski for cointelegraph.com. Dubai-based real estate giant Emaar has announced plans to launch a token and is considering holding an initial coin offering (ICO) in Europe, English-language local media Arabian Business reports on March 11. Source: cointelegraph.com

Read More
Markets News 

Hotels, administrative, residential projects most active in current year: JLL

“The most active sectors in the real estate market during the current year will be hotels, administrative, and residential projects, as 43,000 residential units will be launched and delivered in the coming year, compared to 18,000 in 2019, Ayman Sami, the JLL country head-Egypt told Daily News Egypt” writes Shaimaa Al-aees for dailynewsegypt.com. Sami said that the residential tranche serviced by most companies operating in the market has not been saturated with the current offered projects, so this category and others need to obtain more housing units. Therefore, the market…

Read More
News 

Austria’s Signa partners with RFR to buy New York’s Chrysler Building: sources

“Led by its founder Rend Benkoe, Signa has a sprawling real estate and retail portfolio in Europe” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Signa Holding GmbH, Austria’s largest privately owned real estate company, will buy the iconic Chrysler Building in New York City in partnership with property firm RFR Holding LLC for about $150 million, people familiar with the matter said. Source: 95kqds.com

Read More
News 

‘LORD OF RINGS’ deal explains Bezos media domination strategy…

“Amazon’s ability to connect content to commerce won over the Tolkien estate” writes Alex Sherman for cnbc.com. But just in case, to seal the deal, Amazon sent representatives of the Tolkien estate and its law firm, Greenberg Glusker, several crates of brand-new Amazon Echo speakers.When Amazon pursued the rights to a “Lord of the Rings” series in 2017, the company knew it would have to overcome some major obstacles to lure the J.R.R. Tolkien estate to its video-streaming platform. Source: cnbc.com

Read More