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A property tax reckoning is coming

Housing Wire

The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. Pick your battles.

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The Pros and Cons of Buying a House

PennyMac

The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. Mortgage interest and property taxes may be tax deductible. You Pay Property Taxes.

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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. Longer hold times for fix-and-flip investors also may be contributing to the rise of mom-and-pop rentals as well.

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