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June 2018 Archives

How tax law changes could affect benefits of home ownership

There are many reasons to buy a home in California, but it may not be so wise to do so with the anticipation of benefiting from potential tax deductions due to tax law changes. While a home can still be a wise investment, certain tax breaks no longer exist, and others are not as significant. For instance, standard deductions for individuals, heads of household and people married but filing jointly have increased. This reduces possible savings from itemizing when going over the standard deduction by buying a home since this amount is now higher.

DOJ Stops Adoption of Website Standards

The United States Department of Justice (DOJ) has for now stopped its efforts to make rules setting up standards for Website Accessibility. This would include not, at least for now, adopting the international website standards organization - the World Wide Web Consortium ("W3C"), standards, including Version 2.0 of the Web Contact Accessibility Guidelines ("WCAG", WCAG 2.0 guidelines 3.1.1 and 2.4.4 and 3.1.2

Mortgage Bankers Association predicts reduced CRE returns in 2018

Commercial real estate investors in California and around the country should not expect returns in 2018 to be as robust as they have been in recent years according to a report from the Mortgage Bankers Association released on June 12. The trade group believes that the combined effects of a multi-year building boom, slowing economic growth and rising interest rates will likely impact returns for the next five years. The MBA says that commercial property returns in recent years were boosted by supply shortages that have now been addressed.

Important guidelines for buying a home

Rising home prices and rising interest rates may have some Californians convinced that they should buy sooner rather than later. However, the cost of a home itself isn't the only factor one should consider when deciding whether to buy or rent. As a general rule, buying is right for those who have a stable job and are confident that they will have a reliable income for several years to come.

Making your rest rooms ADA compliant

Unless you spend your days in a wheelchair, it may not occur to you that there are many things you take for granted. Just trying to get into a room can be a challenge, and many who use wheelchairs must make special accommodations to their homes to allow them to move about freely and complete their daily tasks.

Buying a home without US citizenship

Those who are not citizens of the United States may be eligible to buy a home or other real property in California. However, the process of doing so depends on a person's status within the country. As a general rule, a permanent resident goes through the same process of getting a home loan as a citizen. The permanent resident is also likely to qualify for FHA or other government loans.

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L. Scott Karlin

L. Scott Karlin

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David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

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Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

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Recent Articles

ADA Fraud Reported

A recent article on the news concerns a man in Riverside County who allegedly has attempted to obtain money from property owners and businesses based on alleged violations of the Americans with Disablities Act (ADA). Read More

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