New Perspectives on the 1031 Exchange
Tuesday, March 18
Most investors I have worked with share a common vision of the 1031 Exchange and its practical applications. The law allows an investor to defer paying capital gains taxes on the sale of an investment property if the proceeds are reinvested into a more expensive asset within specified timelines. ...
How Capital Gains Tax Law is Limiting Housing Inventory
Monday, March 03
There has been growing discussion about how capital gains tax laws are reducing the inventory of homes available for sale in high-appreciation areas. Specifically, homeowners who have lived in their properties for many years may find themselves financially disincentivized from selling due to the ...
Consequences of Mandating Sprinklers in Multi-Family Buildings
Monday, February 17
The Worcester Fire Department, with support from District 5 City Councilor Etel Haxhiaj, has been advocating for the installation of sprinklers in multifamily buildings undergoing major renovations. While fire safety is undoubtedly important, a mandatory sprinkler requirement may have the opposit...
Supermarkets in Worcester: Shifting Landscape and Closures
Monday, February 03
The retail landscape in Worcester is undergoing significant changes, with major supermarket chains closing long-standing locations. One notable example is the closure of Price Chopper on Cambridge Street at the end of January. Built with purpose in 2003, this store has served the community for ov...
Mortgage Payments Are Outstripping Income Gains
Wednesday, October 02
A recent statistic from Banker & Tradesman caught my attention, highlighting a growing concern in the housing market. According to Zoocasa, the annual median income in Greater Boston has increased by 22.4 percent since 2018, yet in that same period, the average monthly mortgage payment has ju...
The Dunning-Kruger Effect in Real Estate Investing
Wednesday, September 25
I haven’t come across many articles connecting the Dunning-Kruger effect to real estate, so I thought I’d share my thoughts. In short, the Dunning-Kruger effect explains how, when you know very little about a subject, you tend to think you know a lot. As you learn more, you realize how much you d...